Where to I put in information for 1099-LS and 1099-SB?

Please see this answer from JohnB5677:

There is not a specific place to post a 1099-LS.  However, to take advantage of the premium payments we will post it to Investment.

1. INCOME
2. I'll choose what I work on
3. Scroll down to Investment income
4. Select Stocks, Bonds etc...
5. No you did not get a 1099-B
6. Type of investment you sold Everything Else
7. Description is 1099-LS Life Ins., Amount and Date
8. It may ask for the date a second time
9. You Purchased the property
10. Now you can post cost basis and date

It would appear you don't do anything with 1099-SB. Please see this LINK for more information.

Also see the lack of instructions on the back of the form. 1099-SB

Thank you.

Thanks for this posting ! I was coming to the same conclusion but nice to see it in writing as IRS not helpful !! 

I recently sold a term life policy that I held for 18 years.

I received a 1099-LS and a 1099-SB.

I am assuming this is considered a Long-term capital gain as oppose to ordinary income.

I my assumption correct?

if the amount the settlement company gave you was more than you had paid in total, then yes, this would be considered capital gains.

reference: TCJA2017

https://www.coventrydirect.com/blog/selling-your-life-insurance-policy-for-cash-know-your-taxes/