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PattiF
Expert Alumni

1099-S Proceeds From Real Estate Transactions, trans

Here are instruction on entering a 1099-S from the sale of land. Scroll down to the lower section for information for sale of land.

 

1099-S Reporting

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mikeelentz
Returning Member

1099-S Proceeds From Real Estate Transactions, trans

Have same question on REC ?  How does one enter 1099-S for real estate contract??

ToddL99
Expert Alumni

1099-S Proceeds From Real Estate Transactions, trans

Report the sale in the Stocks, Mutual Funds, Bonds and Other interview under Federal > Income and Expenses > Investment Income.

 

"Real estate" is an "Other" type of investment. When the program asks if you received a Form 1099-B, select "No". Completing the interview will generate Form 8949 and Schedule D. 

  

See Where do I enter the sale of a second home, an inherited home, or land on my 2019 taxes? for instructions on how to access this interview in either online or desktop versions of the program.  

 

 

  

 

 

1099-S Proceeds From Real Estate Transactions, trans

She is asking where she needs to record the information

 

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