How do I report sale of storage building? It was on a separate piece of property from my home. I received a 1099S for this sale.

[DianeW · Accepted solution]

If the storage building was never used as part of a business activity where depreciation was used as an expense you can report the sale following the steps here.

In TurboTax Premier use these steps after you sign into your account.

• Federal Taxes Tab
• Wages & Income
• Scroll to Investment Income
• Show more if applicable
• Stocks, mutual funds, bonds, other
• Follow the prompts
• Type of investment would be "everything else" (image attached)
• Continue to enter your sale description, sale date, how acquired, cost basis and purchase date.