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Returning Member
posted Feb 22, 2021 1:34:37 PM

1099S - where do I put in Institution name

We sold land but cannot figure out where to put the name of the institution, which I believe would be the law firm issuing the 1099-S 

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5 Replies
Intuit Alumni
Feb 27, 2021 12:39:22 PM

You would input the institution name on the Tell us more about this sale screen. The following FAQ provides more details: 1099-S.

Returning Member
Mar 4, 2021 1:35:15 PM

It does not give me that option

it has

description

date sold

date acquired

sale proceeds

cost or other basis

 

it seems other people had similar problems. Supposedly there is  supposed to be what type of sale which I cannot find. 

I had upgraded to Premier but there seems to be no difference in support. 

Intuit Alumni
Mar 4, 2021 1:48:14 PM

Please refer to EbonyA's post above concerning the 1099-S. You should find the section for institution name on the Tell us more about this sale screen.

Where do I enter the sale of a second home, an inherited home, or land on my 2020 taxes?

Returning Member
Mar 4, 2021 3:07:29 PM

I checked the instructions but it does not lead me to “what type of investments did you sell”

 

Intuit Alumni
Mar 5, 2021 10:02:15 AM

Are you using TurboTax Online or are you using the desktop version?