I have sold my primary home of 15years and had a gain of less than $100K and bought another home...I have a 1099-S...
do I have to file the info and will turbo deluxe prompt me under "wages&income" if I select Less common income category for 1099-S info?
Yes, you will need to include your Form 1099-S. Since this form was issued to you, the IRS will be looking to match it to your return.
Yes, TurboTax will walk you through reporting the sale of your home when you select "Sale of Home" under "Less Common Income".
If you have any additional questions while walking through this section, please comment below so that I can assist you further.
Yes, you will need to include your Form 1099-S. Since this form was issued to you, the IRS will be looking to match it to your return.
Yes, TurboTax will walk you through reporting the sale of your home when you select "Sale of Home" under "Less Common Income".
If you have any additional questions while walking through this section, please comment below so that I can assist you further.