topic Re: Both forms are actually entered in the same section. Howe... in Retirement tax questions

Where do I enter 1099-B and 1099-S information?

picniccat2016 — Fri, 07 Jun 2019 22:42:54 GMT

Both forms are actually entered in the same section. Howe...

MargaretL — Fri, 07 Jun 2019 22:42:56 GMT

Both forms are actually entered in the same section. However, form 1099-B has its own entry, while form 1099-S entry depends on what sale it reports.

Form 1099-B data entry:

Federal Taxes
Wages & Income
Scroll down to Investment Income
Select Stocks, Mutual Funds, Bonds, Other - Answer YES to the 1099-B question and follow the prompts

Form 1099-S has similar entry, but you would have select the category for the sale.

Federal Taxes
Wages & Income
Scroll down to Investment Income
Select Stocks, Mutual Funds, Bonds, Other - Answer NO to the 1099-B question and follow the prompts; you would have to select the category for your sale... for example, 2nd home... everything else, etc.

Note: you will be asked to upgrade to Premier TurboTax.

the note at the bottom of this answer says that you will...

lauriedonaldson — Fri, 07 Jun 2019 22:42:57 GMT

the note at the bottom of this answer says that you will be asked to upgrade to Premier Turbo Tax. so is this necessary in order to enter federal tax withheld?

Re: the note at the bottom of this answer says that you will...

ja103143-75 — Tue, 09 Jul 2019 18:09:39 GMT

Where do I enter the 1099-S when it is the sale of property, real estate which is part of my home estate?

Re: the note at the bottom of this answer says that you will...

ja103143-75 — Tue, 09 Jul 2019 18:12:46 GMT

Where do I enter the info from the 1099-S in my tax form?

Re: Both forms are actually entered in the same section. Howe...

turbojb — Mon, 30 Mar 2020 21:40:05 GMT

Good answer...but where/how in the TT input screen do I access the 1099-B data?

Re: Both forms are actually entered in the same section. Howe...

DavidD66 — Mon, 30 Mar 2020 21:48:35 GMT

What do you mean by "access the 1099-B data"?

Re: Both forms are actually entered in the same section. Howe...

barndancer — Tue, 30 Mar 2021 19:02:55 GMT

I had info entered for the 1099B section. I updated to this years info. I am not seeing an option to input data from 1099S for sale of second home. I upgraded to Premier edition as it was suggested. What should I do?

Re: Both forms are actually entered in the same section. Howe...

barndancer — Tue, 30 Mar 2021 19:04:49 GMT

I had info from previous years so I clicked on update to enter info for this year

Re: Both forms are actually entered in the same section. Howe...

DawnC — Tue, 30 Mar 2021 20:02:51 GMT

You may get a 1099-S if you sold your home, a rental property, stock in a co-op, or any other real estate, including land, permanent structures, or standing timber on your land.

If the 1099-S was for the sale of your main home, profits of up to $250,000 ($500,000 on a joint return) on the sale of your home may not be taxable if it was your primary residence for two of the last five years. We’ll ask you some questions about the sale of your home to see if you qualify. If you think you may qualify for this exclusion, use this link to enter your 1099-S. If you know you do not qualify for the exclusion, use the link below. There is no screen for a 1099-S entry, however, TurboTax will ask for the information from your 1099-S to calculate the gain or loss and report it on your tax return.

Other real estate sales

If your 1099-S wasn’t for the sale of your main home, select the option below for step-by-step instructions:

Re: the note at the bottom of this answer says that you will...

SN-61 — Tue, 06 Feb 2024 17:46:13 GMT

I can't find the form in Premier either 2023

Re: the note at the bottom of this answer says that you will...

DianeW777 — Tue, 06 Feb 2024 23:07:24 GMT

There is not a form entry for the 1099-S. The question is whether you sold a home, a rental property or a second vacation home.

These links will still provide guidance to enter your sale depending on what was sold.

@SN-61