Where do you record line 6 of 1099-s. Specifically the buyer paid part of real estate taxes that the mortgage already paid. Turbo copy the data from 1098. Where adjust?

[KurtL1]

If the buyer paid you for the taxes that the mortgage company reported to you, then you would go back into the 1098 and reduce the property taxes by the amount on the 1099-S. 

If you sold your home in the beginning of 2019 then you will need to income the amount as income on line 21 of your return.

Per Form 1099-S Instructions: Box 6. Shows certain real estate tax on a residence charged to the buyer at settlement. If you have already paid the real estate tax for the period that includes the sale date, subtract the amount in box 6 from the amount already paid to determine your deductible real estate tax. But if you have already deducted the real estate tax in a prior year, generally report this amount as income on the “Other income” line of Schedule 1 (Form 1040 or 1040-SR). For more information, see Pub. 523, Pub. 525, and Pub. 530.

To access your Form 1098, you would:

• Enter 1098 in the Search Magnifying Glass in the upper right hand corner.
• Select Jump to 1098.

To access your Miscellaneous Income Section, you would:

• Select Income & Expenses at the top of the screen.
• In the list of incomes select Less Common Income.
• Select Start to the right of the line Miscellaneous Income.
• Select Start to the right of the line Reimbursed deductions from a prior year.
• Mark Other Itemized Deductions and select Continue
• Enter the amount from Box 6 of Form 1099-S

[atk1]

I do not believe this is correct since it is not a reimbursement from prior year. The tax bill was paid the same year and there fore the reimbursement is not income. I think this is actually a bug with turbo-tax. They copy the data from the 1098 and presume it is the actual taxes you paid; what they should do is after you enter the 1098 allow you to edit property taxes paid and make the adjustment there. The difference from a tax perspective is that this money is not taxable if both transaction occurs in the same year - this can actually be a real tax difference with the new 10k limit.

[ThomasM125]

There is no entry screen in TurboTax to enter the form 1099-S. If you received a refund of your property tax, you need to adjust the amount you entered from the form 1098 entry or separately for property taxes.

When you enter your property tax in TurboTax, there is a "Learn More" option next to the instruction "This is taxes you paid on your main home ...", if you click on that option, you will be instructed to adjust your property tax to account for a reimbursement if you sell your house.