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Do I need to amend tax return to add a 1099-S (and how?) ?

I neglected to add a 1099-S to my 2024 tax return.  The return was filed via TurboTax, has already been accepted, and I've received a small refund.  The 1099-S is for sale of unimproved land, originally bought around 2005.  I did NOT make any profit.  The IRS website states I don't need to amend my return... "if we:  Accept your return without certain forms or schedules or ask you to send them."  So apparently IRS accepted my return without the 1099-S, but I'm still unsure of this; maybe they'll ask for it later?  Can I file a paper amended return and mail it to IRS?  If I file an amended through TurboTax, they're requiring me to upgrade to Premium for $$$.  Thank you in advance for any advice.

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5 Replies

Do I need to amend tax return to add a 1099-S (and how?) ?

A Form 1099-S is not reported on a tax return.  The proceeds shown on the 1099-S are entered when you are reporting the type of sale that was made.

Do I need to amend tax return to add a 1099-S (and how?) ?

Question(s) still stand(s).  I'll improve my wording:  I failed to add the Gross Proceeds shown on a 1099-S on my 2024 tax return.  I did not make any profit (unimproved land), so the bottom line doesn't change.  IRS website states I don't need to amend my return... "if we:  Accept your return without certain forms or schedules or ask you to send them."  IRS accepted my return without the 1099-S, but I'm still unsure; maybe they'll ask for it later?  Can I file a paper amended return and mail it to IRS?  (If I file an amended through TurboTax, they're requiring an upgrade to Premium for $$$.)   My original return was filed via TurboTax, accepted, and refund received.   

Do I need to amend tax return to add a 1099-S (and how?) ?

@TaxedBeyondWords There is no need for you to amend the tax return.  You properly reported the sale of the land on the tax return that was filed.  

Do I need to amend tax return to add a 1099-S (and how?) ?

That's the problem --- I did NOT report the sale of land anywhere on my tax return.  I need to ADD the gross proceeds from a 1099-S to my return.  Hence, my questions in my prior post.  Thank you for any help. 

Do I need to amend tax return to add a 1099-S (and how?) ?

OK...So you need to amend the tax return to add the sale and report the proceeds as entered on the Form 1099-S.

Use this procedure to report the sale when you are amending the tax return -

 

To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.

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)
Under Investment Income
On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button

 

Using the online editions -

On the next screen click on Yes
On the next screen, click on Enter a different way
On the next screen, click on Other and continue

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