Why after I enter sold inherited second home does it then show as a 1099-B entry?

IRS form 1099-S Proceeds from Real Estate Transactions may report:

 

• Your main home, 
• A second home, 
• A vacation home, 
• Land,
• Residential rental property, or
• Real property recorded as a business asset.

The tax treatment of each of these transactions differ. Sale of a second home, an inherited home or land are considered investment sales.

 

The entry is reported:

 

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

I had entered the information from my 1099-S in the 'Other' category of the investment section and selected 'Second Home' and 'Inherited'.

**My concern is after I completed the entry I found that upon returning to the investment section the tab shows this as 'Stocks, bonds, etc. (1099-B)'. 

 

You entered the sale correctly. It gets the same treatment as if you had sold stock or other similar investment property and will appear as such on the investment summary screen in TurboTax.