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grammys8
New Member

Are you going to ask if we sold any property?

where do you ask what I have  to report
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2 Replies

Are you going to ask if we sold any property?

What type of property was sold?  Primary home, second home, land, rental property, commercial property?

Did you receive a Form 1099-S for the sale?

JohnB5677
Employee Tax Expert

Are you going to ask if we sold any property?

Yes, we do ask that question.

 

You should log into TurboTax.

  1. Under Federal
  2. Select Wages & Income
  3. Scroll through the drop down list to Investments and Savings1099-B, 1099-INT, 1099-DIV, Crypto Gain/Loss Report
  4. Select the type of investment
    1. Interest on 1099-INT
    2. Dividends on 1099-DIV
    3. Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
    4. Capital Loss Carryover
    5. If this is your first time using this area there will be multiple questions
  5. The Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) has additional options.
    1. On the Let's import your tax info screen, select Enter a different way
    2. The screen OK, let's start with one investment type will come up
    3. It has 5 options to choose from.
      1. Interest
      2. Dividends
      3. Stocks & Mutual funds
      4. Cryptocurrency
      5. Other
    4. These should include the "property" that you sold.

         

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