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gtho79298
New Member

Where do i enter 1099-s info?

I sold my home and have a 1099-s form. I can't find where to enter the data.
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2 Replies

Where do i enter 1099-s info?

If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported. You will need the online TurboTax Premier or Self-Employed edition to report the sale if you are using the online editions. Make sure that you indicate that you want the sale of the home reported on your tax return.

 

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Sale of Home (gain or loss), click the start or update button


Or enter sale of home in the Search box located in the upper right of the program screen. Click on Jump to sale of home

ColeenD3
Expert Alumni

Where do i enter 1099-s info?

Was it your primary home? Second home?

 

Primary home:

 

If you had a gain greater than the exclusion amounts then you would have to report the sale.  Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported.  You will need the online TurboTax Premier or Home and Business edition to report the sale.   Make sure that you indicate that you want the sale of the home reported on your tax return.  (See Screenshot)
 

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on
  • Scroll down to Less Common Income
  • On Sale of Home (gain or loss), click the start or update button

Second home:

 

TurboTax Online

  1. Click on Federal > Wages & Income
  2. In the Investment Income section click on the Start/Revisit box next to Stocks, Mutual Funds, Bonds, Other.  If you have already entered some investment sales, you will see a screen Here's the investment sales info we have so far.  Click on the Add More Sales link. 
  3. If you haven't yet entered some investment sales, you will see a screen Did you sell any investments in 20XX?  Click the Yes box.
  4. On the screen,  OK, what type of investments did you sell? mark the Other box and click Continue.
  5. When you get to the screen, Now we’ll walk you through entering your sale details and enter the details of the sale.  You will be able to select the type of investment in the first box (second home, land, etc.) 
  6. Enter the requested information and click Continue when done.

 

 

 

 

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