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Since you got the 1099-S , it must be reported on your tax return, but it is probably not taxable.
Report the 1099-S amount as sale proceeds, then show the same amount as your basis, for a net gain of $0. On your own records, reduce your cost basis by that amount for future sale.
TurboTax does not have an entry point for a 1099-S (other than home sale). So, in TurboTax, enter at:
Scroll down to: Investment Income
Since you got the 1099-S , it must be reported on your tax return, but it is probably not taxable.
Report the 1099-S amount as sale proceeds, then show the same amount as your basis, for a net gain of $0. On your own records, reduce your cost basis by that amount for future sale.
TurboTax does not have an entry point for a 1099-S (other than home sale). So, in TurboTax, enter at:
Scroll down to: Investment Income
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