How do I enter 1099-S in Turbo Tax Deluxe cd version?

[cathycwa]

I'm using the CD deluxe version. The Investment Income section (where is said to enter second homes etc.) mentions 1009-S, but the process proceeds as if a stock sale. I'm never prompted to enter details from the 1099-S.  I need to report proceeds from the sale of vacant land, but I'm not able to get past the 1099-B section to enter the 1099-S.

[Irene2805 · Accepted solution]

There is not a specific entry screen  for the 1099-S.  The sale of land is considered the sale of an investment. 

You can report the sale in TurboTax using these steps:

1. Click on Federal Taxes > Wages & Income
2. In the Investment Income section click on the Start/Revisit box next to Stocks, Mutual Funds, Bonds, Other.  
3. [If you have already entered some investment sales, you will see a screen Here's the investment sales info we have so far.  Click on the Add More Sales link.]  
4. Answer Yes on the Did you sell any investments in 2020? screen.
5. Answer No on the “Did you get a 1099-B or a brokerage statement for these sales?” screen.
6. The next screen is “Tell us about this sale”. Mark the radio button next to I’ll enter one sale at a time
7. On the screen, Tell us about this sale, enter the total sales proceeds as well as the other information requested.  [See Screenshot #1, below.]
8. Continue to the screen, Select any less common adjustments that apply.  (In TurboTax Online: Let us know if any of these situations apply to this sale)
9. Mark the first box The reported sales price did not deduct all fees or selling expenses.  [Screenshot #2]
10. Enter the sales expenses not deducted from the sales price entered earlier.

Screenshot #1

Screenshot #2

[cathycwa]

Thank you so much for the quick response!  I was able to follow the steps you outlined, really appreciate your feedback.