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bishcd
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I need to know where to list income from real estate sale. I received a 1099-s but Where do I place income listed on a 1099-s?

I sold a real estate property and received a 1099s. Where do I place the income listed on the 1099-s?

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I need to know where to list income from real estate sale. I received a 1099-s but Where do I place income listed on a 1099-s?

 

If the 1099-S was for the sale of your main home, it’s reported under Less Common Income in the Wages & Income section. Here's how to enter the form:

·         Open your return.
(To do this, sign in to TurboTax and select the blue Take me to my return button.)

·         Type “sale of home” in the Search box.

·         Select the “Jump to” link in the search results.

·         Follow the screens to enter the info from your 1099-S.

Profits of up to $250,000 ($500,000 on a joint return) on the sale of your home may not be taxable if it was your primary residence for two of the last five years. We’ll ask you some questions about the sale of your home to see if you qualify.

Other real estate sales

If your 1099-S wasn’t for the sale of your main home, select the option below for step-by-step instructions:

·         Sale of a second home, an inherited home, or land

·         Sale of a rental property

·         Sale of standing timber


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