anyone else having an issue entering a 1099S ?

[JohnB5677]

I'm not sure what your concern is, but here is the process to enter a 1099-S. There are two areas that it may apply to.

It could be for the sale of your primary residence.

1. Go to Wages & Income

2. Scroll all the way down to Less Common Income  

   1. Select Sale of Home (gain or loss)

3. Continue through the interview, and post the information from the 1099-S

For the sale of anything else. (Land, second home  personal items)

1. Go to Wages & Income
2. Scroll to Investments and Savings
3. Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
4. Your investments and savings = Add investments at bottom of the page
5. Relax. We got it. = Continue

6. Let's import your tax info = Enter a different way at bottom of page

7. Select the Other block = Continue

8. Follow the interview.

[logemanngregsue]

Im using home & business.  It never gives me the option to add investments at the bottom of the page, keeps going back to 1099B 

[logemanngregsue]

I should also note that the 1099S is for sale of timber.

[PattiF]

In the Home & Business version of TurboTax Desktop, you would enter the 1099-S from the timber sale using these steps:

• Click on the Wages & Income tab
• Next click on I'll choose what I work on
• Scroll down the screen until you come to the section Investment Income
• Chose Stocks, Mutual Funds, Bonds, Other and select Start or Update
• The first screen will ask if you sold any investments during the year, answer
• Did you get a 1099-B or a brokerage statement for these sales? Answer No
• Tell us about this sale, Click I'll enter one sale at a time
• The drop-down boxes can be filled out with the details of the timber sale

1. Description - Timber parcel with general location or address
2. Date sold - on 1099-S
3. Date acquired - from your records
4. Sale proceeds - on 1099-S
5. Cost basis - initial purchase price plus expenses of the sale such as surveying, etc.

The timber sale will be recorded in your tax return. Here is more information from Timber Tax.

[logemanngregsue]

Thank you.  wondering why it is handled thru farm income instead of investment income.