How record the sale of a second home? Have 1099-S form, per IRS its a substitute form.TT asks Did you get a 1099-B or a brokerage stmt for these sales? Can I answer Yes?

[rtmourad]

How do I get a 1099-S for the sale of a second home?

[GeorgeM777]

Form 1099-S is generally provided by a title company after the sale of real estate. If there was a property sale this year, contact the title company that you closed with to see if the filed a Form 1099-S. 

According to the IRS, generally, the person responsible for closing the transaction is required to file Form 1099-S.  If no one is responsible for closing the transaction, the person responsible for filing is, in the following order: (a) the mortgage lender, (b) the transferor's broker, (c) the transferee's broker, or (d) the transferee.

Here is a link to the IRS webpage that discusses Form 1099-S which you might find helpful.

Instructions for Form 1099-S

@rtmourad

[Emmagrace19]

Have 3 1099S forms for three time shares I sold  have owned each week at least 25 years or more 

[JulieS]

Here is how to enter a 1099-S for the sale of a vacation home in TurboTax:

1. Select the Federal tab toward the upper left corner.
2. Select Wages and Income.
3. Click I'll choose what I work on, on the right.
4. Scroll down to Investment Income.
5. Expand if needed and select Stocks, Mutual Funds, Bonds, Other.
6. Click Add account.
7. On the screen titled, Did you get a 1099-B for these sales? select No.
8. On the next screen select, I'll enter one sale at a time.
9. For description enter Vacation Home.
10. For Date sold and Sales proceeds, enter the information from your 1099-S.
11. For Date acquired enter the date you bought the home.
12. For Cost basis, enter the amount you paid for the property plus any major improvements and the closing costs that you paid on both the sale and the purchase.
13. Click Continue.
14. On the screen titled, Any of these less common items for this sale? you shouldn't need to enter anything unless income tax was withheld from your real estate transaction.
15. Click Done.
16. On the next screen select, Any loss from this sale is not deductible for reasons other than wash sale.
17. Select This is a personal use property.
18. Click Continue. 
19. Select Yes, and repeat  the process until you have reported all three forms. 

@Emmagrace19

[bckey]

All that you posted there is correct but when you finish inputting your information and save it then it saves as 1099-B and not 1099-S regardless of everything correctly selected. That is the frustrating part.

[PattiF]

The information on a 1099-S is used to report many things, not just real estate sales. The 1099-S will not show up in a tax return. The sales information that you entered is correctly transferred to the 1099-B. It is a little confusing. All tax programs and the IRS handle a 1099-S the same way.

@bckey