topic Re: Form 1099-s in Get your taxes done using TurboTax

Form 1099-s

joemalone1967 — Thu, 12 Mar 2020 16:04:23 GMT

How to report substitute form 1099-s on form 1040

DoninGA — Thu, 12 Mar 2020 16:07:26 GMT

A Form 1099-S is not entered on a tax return. Only the information on the 1099-S is entered.

What was sold? Primary home, Second home, Land, rental property, commercial property, something else?

joemalone1967 — Thu, 12 Mar 2020 16:11:02 GMT

the form was issued for the sale of land transferred years ago by the taxpayer's parents

DoninGA — Thu, 12 Mar 2020 16:17:12 GMT

If you are using the TurboTax online editions, to report the Land sale you will need to use the TurboTax Premier online edition.

If you are using the TurboTax desktop CD/Download editions, then any of the editions can be used.

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

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 Land and continue with the section until it completes.

joemalone1967 — Tue, 17 Mar 2020 02:42:55 GMT

Thank you.