turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have a 1099-S from a sale of my parents cottage that was in a life estate. where do i file this on my tax form?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Phillip1
New Member

I have a 1099-S from a sale of my parents cottage that was in a life estate. where do i file this on my tax form?

 This is going to be reported on Form 8949 and Schedule D. Follow this path in TurboTax:

  1. Go to the Federal Taxes category.
  2. Go to the Wages and Income subcategory.
  3. In the list of income items under the "Your Income" page, find the section labeled "Investment Income" and click Show more.
  4. Click start or revisit on the line labeled Stocks, Mutual Funds, Bonds, Other.
  5. Click yes, you did have a sale of an investment.
  6. Answer no, you do not have a Form 1099-B Broker statement.
  7. Choose the option for Second Home and click continue.
  8. Enter the Second Home Sale Information and hit continue.
  9. Indicate purchase method and hit continue.
  10. Enter the Cost Information and click continue.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies