topic 1099-S in Get your taxes done using TurboTax

1099-S

caitlin2108 — Mon, 14 Oct 2019 16:35:27 GMT

I have read all the articles but cannot for the life of me figure out where I actually enter my 1099-S! I can't seem to find/access the screen it keeps referencing to actually enter the sale price of the home. Please help! I'm losing my mind over here!

Re: 1099-S

DoninGA — Mon, 14 Oct 2019 16:41:31 GMT

A Form 1099-S is not entered anywhere on a tax return. The Gross Proceeds shown on the form is entered in the section for reporting the sale of the property. The Gross Proceeds should be the Sales Price for the home.

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

Re: 1099-S

caitlin2108 — Mon, 14 Oct 2019 16:44:37 GMT

Thank you so much! This wasn't for my primary home though, I sold a rental property. Where would I enter that?

Re: 1099-S

DoninGA — Mon, 14 Oct 2019 16:48:40 GMT

See this TurboTax support FAQ for reporting the sale of a rental property - https://ttlc.intuit.com/community/rental/help/i-sold-my-rental-property-how-do-i-report-that/01/26251

If you are using the TurboTax online web based editions then you have to use either the Premier or Self-Employed editions to report the rental sale.

If you are using the TurboTax desktop CD/Download editions installed on your personal computer, then any of the editions can be used to report the rental sale.

Re: 1099-S

caitlin2108 — Mon, 14 Oct 2019 16:53:02 GMT

I am using premier, and that's the link I've been using to try to enter this information. Going through those steps though, I never seem to get to the section where I actually enter the sale price and/or proceeds from the sale. I've clicked through those steps countless times and feel like an idiot because I can't figure out where to enter this info. That's why I paid to upgrade for the live help! I'm getting so frustrated. I appreciate you helping so much!

Re: 1099-S

DoninGA — Mon, 14 Oct 2019 17:12:30 GMT

Since you are using the TurboTax Live Premier edition then see this TurboTax support FAQ on how to contact a Tax Expert for assistance - https://ttlc.intuit.com/community/expert-review/help/how-do-i-connect-with-a-tax-expert-in-turbotax-live/01/27282

Re: 1099-S

BMcCalpin — Mon, 14 Oct 2019 20:00:21 GMT

Well, I don't know if we can help you find your mind, but I think we can help you find the right screen to enter your information on.

The link that DoninGA gave is a TurboTax link, but I think some things have changed since it was first written.

The first problem I had was with the browser. When I tried to use Chrome, the Search button in Turbotax Premier Online simply didn't work. I don't know why, so go use another browser. (I am using Firefox)

Second, when I entered "Rentals" as the link instructs, you don't get a Jump To result to click on any longer. Try "Rental property income" (I think that worked for me, but I am having trouble having this forum open in one browser and Turbotax Premier in another so I can't go back and look).

Third, the link's instructions for 2 and 3

(

2. Answer Yes to the question Did you have any rental or royalty income and expenses?

3. When you get to Is this a rental property or royalty? select Rental property and fill out the description, address, and owner.

)

assume that you have not entered anything for the property yet. But if you are like most taxpayers and have already entered the property last year or earlier, then you will be presented with a table of properties and royalties. In this case, you click the Edit button for your property in the table. Then you should be able to progress to steps #4 and #5 as described in the link.