How do I report a $51,000 income on a 1099-S? This was a partial payment for our Lakehouse in Many ,LA?
We live in Houston & sold a camp in Louisiana that was not our main house. We got a partial payment in 2024. How should I report this income on a 1099-S?
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last updated
February 10, 202510:03 AM
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How do I report a $51,000 income on a 1099-S? This was a partial payment for our Lakehouse in Many ,LA?
The sale of your second home will be entered as investment income. Follow the steps in the TurboTax article Where do I enter Form 1099-S? under If you sold other real estate.
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