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I have a 1099s from a sale of real estate. Where do I enter it in turbo tax

this real estate was vacant land, not our home.
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2 Replies

I have a 1099s from a sale of real estate. Where do I enter it in turbo tax

To enter an investment sale -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button


Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales


Using the online editions -

On the screen Did you have investment income in 2024? click on Yes

On the screen Let's import your tax info click on Enter a different way

On the screen OK, let's start with one investment type, select Other and Continue

On the screen Tell us more about this sale enter a Name and Continue

On the following screen select the type of investment sale on the dropdown What type of investment did you sell?

Continue with this section until it completes.

JamesG1
Employee Tax Expert

I have a 1099s from a sale of real estate. Where do I enter it in turbo tax

IRS form 1099-S Proceeds from Real Estate Transactions may report the sale of land held as an investment.

 

In TurboTax Premium Online, follow these steps to report the sale:

 

  • Click on the Search magnifying glass and enter sale of second home.
  • Click on the Jump to sale of second home link.
  • At the screen Let's finish pulling in your investment income, click on Add investments.
  • At the screen Let's import your tax info, click on Enter a different way.
  • At the screen OK, let's start with one investment type, select Other and click Continue.
  • At the screen Tell us more about this sale, enter the name.  Click Continue.
  • At the screen Now, enter one sale….., enter the information.  Select Land (other investment purpose).  Click Continue.
  • At the screen Let us know if any of these situations apply to this sale, answer as appropriate.  Click Continue.

The entry will be reported:

 

  • on Schedule D of the Federal 1040 tax return, and 
  • on line 7 of the Federal 1040 tax return.

@twendland32 

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