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New Member
posted Apr 18, 2023 5:16:44 AM

How to add 1099-S to return? This is on our primary residence property and a result of eminent domain.

This was not a sale of our primary home just a portion of the property due to eminent domain. It was not a choice.

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6 Replies
Expert Alumni
Apr 18, 2023 5:31:54 AM

Yes, you can report your 1099-S in the investment section of TurboTax. The fact that it was not a voluntary process, doesn't affect the way it is entered on your tax return. 
 
This is how to enter your 1099-S:

 

  1. Select Federal, then Wages & Income.
  2. Scroll down and look for Investments & Savings.
  3. Expand the section and find Stocks, Mutual Funds, Bonds, Other and click on Start or Update to the right. 
  4. Click + Add investments at the bottom. 
  5. Click Continue.
  6.  Scroll to the bottom and click Enter a different way.
  7. Select Other (1099-S), click Continue.
  8. Enter a description and click Continue.
  9. Select Land (personal use) from the first drop down. 
  10. Fill in your information about the sale. 

Level 15
Apr 18, 2023 5:49:17 AM

You do not normally report am eminent domain sale or any gain or loss.  You simply reduce the cost basis in the remaining property by what you received. 

 

For more detail and how to handle the 1099-S, see 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-m-lost-the-state-bought-have-our-property-and-they-gave-us-1099-s-and-i-do-not-know-where-i-am/01/989955/highlight/false#M111789

New Member
Apr 18, 2023 6:47:34 AM

I am using TT Deluxe, do I have to upgrade to Premier to have these drop-down options? I entered it without upgrading and when looking at the return it added it as if I received a 1099b/Sch B along those lines.

Expert Alumni
Apr 18, 2023 7:10:14 AM

Yes, Form 1099-S Proceeds from Real Estate Transactions, is reported in the investment section of TurboTax. If you're using TurboTax Online, you'll need to upgrade to Premier.

 

However, the CD/Download version of Deluxe supports 1099-S and you don't have to upgrade.

 

To enter the sale of a second home, an inherited home, or land, click here.

To enter the sale of your personal residence, click here.

To enter other investment sales, click here.

New Member
Apr 18, 2023 7:25:13 AM

Okay, thank you. I do use the downloaded version, it just doesn't look like anything described here in regards to it specifically allowing me to select 1099S or having dropdowns for type. When I enter it in the Investment section, it puts it on the return as if I received a 1099B. It does state to report land sale to use premier, but in my case this is just a portion of land from my primary residence. I guess I just go with what I entered in deluxe and hope for the best. It shouldn't count as income anyway and doesn't change the amount I owe. Darn eminent domain stuff, I wish I could just leave it off.

Expert Alumni
Apr 18, 2023 7:41:42 AM

The 1099-S does feel like you entered a 1099-B since they both end up in the same place, on Sch D. No income should be be showing on your return. Do remember to adjust the basis on your house.

As long as the Sch D shows the land, the version does not matter.