topic 1099-S in Self employed

1099-S

Don142 — Wed, 19 Feb 2025 19:51:58 GMT

Where do I enter the 1099-S?

Vanessa A — Wed, 19 Feb 2025 20:49:17 GMT

Was this for the sale of your home or sale of an investment property?

To enter the Sale of a Home select the following:

If it was not your primary home, you will enter it by doing the following:

Don142 — Thu, 20 Feb 2025 21:22:48 GMT

It was a sale of land

MayaD — Thu, 20 Feb 2025 22:01:50 GMT

In TurboTax you would report it as investment sale. You cannot report it in the (Online) Deluxe version; you have to upgrade to Premium.

Go to Federal

Go to Wages & Income
scroll down to Investment Income
Select Stocks, Mutual Funds, Bonds, Other.
if you land on the screen Let’s finish pulling in your investment income select add investment
Select to import or Enter a different way when asked about the 1099-B or brokerage statement
Select Other
Enter the name of the person or financial institution that brokered this sale and continue
Select the type of investment.
Enter your information and continue to enter your expenses.