1099-S flip house

ssmith8523 — Tue, 24 Feb 2026 05:32:56 GMT

Hi,

I flipped a house and made a small profit. The settlement company sent me a 1099-S for the sale price of the house. I reported it under Investments, but TT is using language as if it was a stock investment. Where is the correct place to report the sale price and costs associated with the renovation?

Thank you.

Re: 1099-S flip house

AmyC — Mon, 10 Apr 2023 21:39:01 GMT

You are correct to report it on sch D as an investment. This is the same place as stocks and other investments.

You would have followed the steps in Where do I enter the sale of a second home, an inherited home, or land on my 2022 taxes?

You want to view your Sch D to see if you have a carryover loss and verify the sale was reported correctly. You will see a gain or loss showing on your Form 1040, line 7.

To see your forms and locate Sch D:

In desktop, switch to Forms Mode.
For online, see How do I preview my TurboTax Online return before filing?

topic 1099-S flip house in Investing

1099-S flip house

Re: 1099-S flip house