How to enter 1099-S for sale of land in Turbotax Premier desktop

[no-name1]

1.  I clicked on Investment Income.  Then on Stock, Crypto, Bonds, Other.  Then 'Add sale. ' Three large boxes show up.  I clicked on Other (land, second homes, personal items 1099-S).   Takes to screen to enter broker name.  And the next screen says to match 1099-B exactly.   I have a 1099-S

2. Is a vacant land lot considered 'Land (personal use) or Land (other investment purpose)?:

3. How do I delete what I tried to create and start over.  Beside each one it just says "need review" but no way to delete.

[DoninGA]

Disregard the statement at the top of page referring to a Form 1099-B.  Enter your sales information on this page for the land.

[no-name1]

Thank you.  I still need to know:

1.  How do I delete entries and start over?

2.  Is a vacant residential land lot considered Land (personal use) or Other (land, second homes, personal items)

[no-name1]

correction to 2nd question

Is vacant residential land lot Land (personal use) or Land (other investment purposes

Thanks

[JamesG1]

Investment property is purchased with the intent (or hope) of profiting from its sale. Stocks, bonds, collectibles, and land are typical investment properties.

Generally, you don't use investment property in your day-to-day living like you do personal-use property.

Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes. It includes things like your home, furniture, appliances, personal vehicle, and clothing.

Land could be both, but think about how you are using it most of the time. If you are using it as a place to relax and do some fishing or skiing, but you are hoping you will make a few bucks when it comes time to sell, then it is personal-use property.

On the other hand, if you are renting it out to other vacationers but occasionally pop in for a weekend or holiday, it would be investment property.

See also this TurboTax Help.

@no-name1