When entering proceeds from the sale of a second home, do I enter the gross proceeds from the 1099-S or the net proceeds from the settlement statement?
When entering proceeds from the sale of a second home, do I enter the gross proceeds from the 1099-S or the net proceeds from the settlement statement?
01122
1 Replies
JulieS
Expert Alumni
Apr 4, 2022 4:25:39 PM
Yes, you need to report the gross proceeds from Form 1099-S.