Where do I enter 1099-B and 1099-S information?

[MargaretL · Accepted solution]

Both forms are actually entered in the same section. However, form 1099-B has its own entry, while form 1099-S entry depends on what sale it reports.

Form 1099-B data entry:

1. Federal Taxes
2. Wages & Income
3. Scroll down to Investment Income
4. Select Stocks, Mutual Funds, Bonds, Other - Answer YES to the 1099-B question and follow the prompts

Form 1099-S has similar entry, but you would have select the category  for the sale. 

1. Federal Taxes
2. Wages & Income
3. Scroll down to Investment Income
4. Select Stocks, Mutual Funds, Bonds, Other - Answer NO to the 1099-B question and follow the prompts; you would have to select the category for your sale... for example, 2nd home... everything else, etc.

Note: you will be asked to upgrade to Premier TurboTax.

[lauriedonaldson]

the note at the bottom of this answer says that you will be asked to upgrade to Premier Turbo Tax. so is this necessary in order to enter federal tax withheld?

[ja103143-75]

Where do I enter the 1099-S when it is the sale of property, real estate which is part of my home estate?

[ja103143-75]

Where do I enter the info from the 1099-S in my tax form?

[turbojb]

Good answer...but where/how in the TT input screen do I access the 1099-B data?

[DavidD66]

What do you mean by "access the 1099-B data"?

[barndancer]

I had info entered for the 1099B section.  I updated to this years info.  I am not seeing an option to input data from 1099S for sale of second home.  I upgraded to Premier edition as it was suggested.  What should I do?  

[barndancer]

I had info from previous years so I clicked on update to enter info for this year

[DawnC]

You may get a 1099-S if you sold your home, a rental property, stock in a co-op, or any other real estate, including land, permanent structures, or standing timber on your land.

If the 1099-S was for the sale of your main home, 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.   If you think you may qualify for this exclusion, use this link to enter your 1099-S.   If you know you do not qualify for the exclusion, use the link below.   There is no screen for a 1099-S entry, however, TurboTax will ask for the information from your 1099-S to calculate the gain or loss and report it on your tax return.  

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
• @barndancer

[SN-61]

I can't find the form in Premier either 2023

[DianeW777]

There is not a form entry for the 1099-S.  The question is whether you sold a home, a rental property or a second vacation home.  

These links will still provide guidance to enter your sale depending on what was sold.

• Sale of a second home, an inherited home, or land
• Sale of a rental property

@SN-61