I have a 1099-S form for the sale of an out of state time share property and can't find a place to enter the info. Where does info need to be entered? Tom Cornwell

[ThomasM125]

Your would report the sale of a time share as the sale of a second home, as follows:

1. Go to the "Federal" section of TurboTax and click on  "Income and Expenses"

2. Look for "Investment Income" and click on "Stocks, Mutual Funds, Bonds, Other"

3. Answer "No" to the question about receiving a form 1099-B

4. When asked what type of investment sold? answer "Second Home"

5. Enter the property address of the house sold and the proceeds reported on the 1099-S

6. Indicate that you inherited the home if you did

7. Enter the date and fair market value of the home when you inherited it, or the cost if you purchased it