Where do I enter 1099-S

[DoninGA]

What was sold?

[goinsfishin2]

My fathers house after his death.  The money went to Medicaid for his medical care.  I received a 1099-S.

[DoninGA · Accepted solution]

To report the sale of an inherited home, you will need to upgrade to the Premier edition.  The Form 1099-S is not entered on a tax return but the information from the form 1099-S is used in reporting the proceeds of the sale.

See this TurboTax support FAQ for the sale of the inherited home - https://ttlc.intuit.com/questions/2583688-where-do-i-enter-the-sale-of-a-second-home-an-inherited-ho...

To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.

• 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)
• Under Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button

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

On the next screen, click Yes

On the next screen, click No

On the next screen, choose the option that pertains to the type of investment sale you are reporting and continue with the section until it completes.

[jonesy52]

Question about following your instructions for reporting a 1099-S;

 I had  a land sale in 2019, received a substitute 1099-S from the title company...following your instructions in TurboTax Deluxe 2019, and then reviewing the Form 8949, it appears that I am reporting info from a 1099-B.  The Form 8949 doesn't properly reflect that the info came from a 1099-S, but rather from a 1099-B.  How is the IRS going to handle this, when they have info from a 1099-S, and I am reporting a 1099-B?  Thanks!