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Where do I enter a 1099-S form?

We sold land in September of 2024 and received a 1099-S from the lawyer of the buyers. Where do I enter this information to report unpaid taxes?
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1 Reply
DianeW777
Employee Tax Expert

Where do I enter a 1099-S form?

This will be entered as a sale of investment property. Use the information below to enter this sale in your tax return.  Keep in mind there is no specific form entry for Form 1099-S.

 

To enter your sale in TurboTax, follow these steps. 

  1. Open or continue your return.
  2. Navigate to the investment sales section:
    • TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
    • TurboTax Desktop: Search for investment sales and then select the Jump to link. 
      • Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
  3. Answer Yes to the question Did you sell any of these investments in 2024? (or Okay! to Time to kickoff your investments!).
    • If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
    • Click this link for more information. Where do I enter Investment Sales?
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