2519493
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I entered a 1099-s for the sale of inherited land why is it showing as a 1099-B under my investments and savings?

What is the difference between Land(personal use) and Land(other purpose)?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

If I entered a 1099-s for the sale of inherited land why is it showing as a 1099-B under my investments and savings?

your personal home may be eligible for the capital gain exclusion up to $250,000  (500,000 if joint).

there is no panel for entry of 1099-S. that form just tells the IRS to look for a sell report on your Schedule D.

If I entered a 1099-s for the sale of inherited land why is it showing as a 1099-B under my investments and savings?

Thanks.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question