topic Attempting to report a real estate sale on a 1099S in Deductions & credits

Attempting to report a real estate sale on a 1099S

tweety4457 — Tue, 07 Apr 2026 19:01:57 GMT

This was my main home, where do you put this? It only shows to put sellers closing costs, it makes no sence.

Re: Attempting to report a real estate sale on a 1099S

DoninGA — Tue, 07 Apr 2026 19:12:32 GMT

If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in the home for two years).

Gain or Loss = Sales Price minus Sales Expenses minus Adjusted Basis (Purchase Price plus the cost of improvements prior to the sale)

Selling cost can include escrow fees, legal fees, real estate agent commissions, advertising costs, and even home staging fees.

If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported. You will need the online TurboTax Premium edition to report the sale if you are using the online editions. Make sure that you indicate that you want the sale of the home reported on your tax return.

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

If you paid real estate taxes (Property Taxes) on the home in 2025 -

To enter, edit or delete Property Taxes -
Click on Federal Taxes
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Under Your Home
If paid through your lender
On Mortgage Interest, Refinancing, and Insurance, click on the start or update button
If paid directly
On Property Taxes, click on the start or update button

Re: Attempting to report a real estate sale on a 1099S

tweety4457 — Tue, 07 Apr 2026 21:09:47 GMT

I received a 1099-S real estate tax 1959.11

but my closing expenses were $29,248.75

There is no place to put the 1099-S $1,959.11 whice was in the closing statment. this program asked about the 1099-S but no where to put it. this was a watse of money i have to take it to someone, this is very clear.

Re: Attempting to report a real estate sale on a 1099S

DoninGA — Tue, 07 Apr 2026 21:19:41 GMT

@tweety4457 A Form 1099-S is not entered anywhere on a tax return. You only need to use the amounts from the 1099-S which should be what you received from the sale of the property. The form should have nothing to do with property taxes.

Follow the procedure posted above on this thread to report the sale of the home and to enter any property taxes paid for the home in 2025.

Re: Attempting to report a real estate sale on a 1099S

tweety4457 — Tue, 07 Apr 2026 21:33:48 GMT

I did all that. no place for 1099-S under home sale

Re: Attempting to report a real estate sale on a 1099S

DoninGA — Tue, 07 Apr 2026 21:38:00 GMT

@tweety4457 As I previously stated the Form 1099-S is not entered anywhere on a tax return. So that also means it is not entered when you are reporting a home sale.

Gain or Loss = Sales Price minus Sales Expenses minus Adjusted Basis (Purchase Price plus the cost of improvements prior to the sale)

Selling cost can include escrow fees, legal fees, real estate agent commissions, advertising costs, and even home staging fees.