I am not finding a clear path to inputting info on a 1099-S. What is the place to do that?

[KrisD15]

Was this the sale of your personal residence? 

If yes, please go to 

• Income
• Less Common Income
• Sale of Home (gain or loss)   START

If this was a rental or something else, please continue the question 

[pmfr33man]

No,  This 1099-S reflects income from a timber cut that was gifted to us.  We don't own the land, we just received proceeds from the value of the timber.

[DianeW777]

This income can be reported as an investment sale. The cost basis is the same as what the donor paid for the timber. It may be zero unless there was a cost designated for timber when the property was originally purchased (not common).

To enter your sale in TurboTax, follow these steps. 

1. Open or continue your return.
2. Navigate to the investment sales section:
   • TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
   • TurboTax Desktop: Search for investment sales and then select the Jump to link.
     • Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (make this selection).
3. Answer Yes to the question Did you sell any of these investments in 2025? 
   • If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
   • Click this link for more information. Where do I enter Investment Sales?

@pmfr33man