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How do I enter Form 1099-S for sale of vacant land on Turbo Tax Premier? None of the suggestions seem to work. Do I need to upgrade to Home and Business?

The sale of land was in Wyoming. I went to the Investment Section and was told to answer "no" to Form 1099-B, but can't seem to proceed to next step, as I don't see the suggested action.
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5 Replies
Kat
Level 15
Level 15

How do I enter Form 1099-S for sale of vacant land on Turbo Tax Premier? None of the suggestions seem to work. Do I need to upgrade to Home and Business?

Hi @Delmarlane 

 

I believe you'll find the process in the TurboTax FAQ I'm linking below.  Please post back if you have further difficulty.

 

How do I enter the sale of a second home, inherited home, or land? 

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

How do I enter Form 1099-S for sale of vacant land on Turbo Tax Premier? None of the suggestions seem to work. Do I need to upgrade to Home and Business?

I received your response on how to enter Form 1099-S for sale of vacant land, and I was able to get around the instructions. However when I printed the tax returns, Schedule D pages 1&2 were generated as Attachment Sequence  No. 12. However, Form 8949 page 2 was also generated as Attachment Sequence No. 12A, but page 1 did not print. I tried going back to the Investment Income section to review if I missed something, but I didn't find any. Please advise if there is a glitch in the Turbo Tax software? Thank you.

Kat
Level 15
Level 15

How do I enter Form 1099-S for sale of vacant land on Turbo Tax Premier? None of the suggestions seem to work. Do I need to upgrade to Home and Business?

@Delmarlane Your post indicates that you're using TurboTax Online.  Is this correct?

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

How do I enter Form 1099-S for sale of vacant land on Turbo Tax Premier? None of the suggestions seem to work. Do I need to upgrade to Home and Business?

I'm not using Turbo Tax online. I downloaded the CD. I just don't know how to post my question.

Kat
Level 15
Level 15

How do I enter Form 1099-S for sale of vacant land on Turbo Tax Premier? None of the suggestions seem to work. Do I need to upgrade to Home and Business?

@Delmarlane Okay.  That helps me out.  I use the Desktop (CD/Download) platform, too.

 

First things first.  Please make sure your software is updated.  I'm sharing a FAQ that will explain how to do that.  You may need to do a "manual" update, too.

 

How do I update my TurboTax CD/Download software? 

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
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