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New Member
posted Jan 26, 2023 1:04:14 PM

Why is sale of land reflected as 1099-B instead of 1099-S even though I entered under the 1099-S tab?

I received a 1099-S for sale of land and Turbo Tax reflects as 1099-B.  I select the tab for 1099-s and upgraded to premier. I have deleted and reentered several times.  

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2 Replies
Expert Alumni
Jan 26, 2023 1:19:14 PM

The sale of land would be an investment sale similar to the sale of an investment that would be reported on a form 1099-B. Since they have the same tax treatment you can enter the sale and cost information on the same screen as sales reported on a form 1099-B in TurboTax.

New Member
Jan 26, 2023 1:41:53 PM

Thanks so much!