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rarich96
New Member

Where in TurboTax do I report sale of a deeded boat slip coincident with sale of house but as a separate trans action to a third party. I received a 1099-S for dock sale

The dock sale was a real estate transaction, executed through a RE agent for which I received a 1099-S. However, when I report it as a second RE sale, TurboTax assumes it's a house.
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DavidD66
Employee Tax Expert

Where in TurboTax do I report sale of a deeded boat slip coincident with sale of house but as a separate trans action to a third party. I received a 1099-S for dock sale

You report it similar to the same way you would report the sale of stock or bonds that weren't reported on a 1099-B.  To report in TurboTax Online:

 While working in your return:

 

  • In the income section, Select "Investments and Savings...."
  • On the page "Did you have investment income in 2024?"  Answer Yes
  • On the page "Let's Import your tax info" click on "Enter a different way"
  • Select "Other" on the OK let's start with one investment type
  • On the page with "Tell us more about this sale" enter the name of the agent or agency
  • On the next page, select "Land - Personal Use".  You could also select Personal Items
  • Indicate how you acquired the boat slip, and enter your purchase and sale information, and use the amount on your 1099-S for the proceeds 
  • On the next screen, indicate if you had any sales expenses not reflected in the amount of the 1099-S
  • Enter your sales expenses, if applicable.
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