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June 3, 2019
Question

Need to add a 1099-S amount

  • June 3, 2019
  • 1 reply
  • 5 views
I sold a half me and need to add a 1099-S gross proceeds amount

1 reply

June 3, 2019

If the 1099-S was for the sale of your main home, it’s reported under Less Common Income in the Wages & Income section.

https://ttlc.intuit.com/replies/3302480

To enter information from Form 1099-S Proceeds from Real Estate Transactions in TurboTax: 

  1. Go to Federal Taxes
  2. Select Wages & Income
  3. Click I'll choose what I work on
  4. Find the Investment income section
  5. Select Start next to Stocks, Mutual Funds, Bonds, Other
  6. On the Let Us Enter Your Investment Sale Info screen, select I'll Type it in Myself
  7. Select No financial Institution on the next screen
  8. Follow the on screen prompts 

This article has additional information regarding Form 1099-S:

http://www.irs.gov/pub/irs-pdf/i1099s.pdf