The title company does not always send a 1099-S for the sale of a house. You did not receive one for this sale. If you had received a 1099-S for the sale of a home, that form is not entered into the program, just the information that is on the form is entered
The way you will report this depends on a few things:
- Was this the sale of your primary personal home that you lived in for 2 out of the last 5 years?
If this is your situation, then you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in and owned the home for two years).
If you had a gain greater then the exclusion amounts then you would have to report the sale. Use the description "sale of personal home".
- If this was the sale of a second home or an inherited home or an investment property, then you would describe it as one of those things.
This should be entered in:
- Investment Income
- Then Stocks, Mutual Funds, Bonds, Other
- Yes, you sold investments
- No, did not receive a 1099-B
- Choose Everything else
- Enter your information with description of property , proceeds, etc.
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