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ordlsa
New Member

I need to enter a 1099-S into my return

I followed the instructions, but when I am at the question about me selling the property it say that It will come up later but it never does.

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8 Replies

I need to enter a 1099-S into my return

What type of property was sold that you would have received a Form 1099-S?

Primary home, second home, Land, rental property?

Ordlsa
New Member

I need to enter a 1099-S into my return

This is a rental unit that I sold.

I need to enter a 1099-S into my return


@Ordlsa  wrote:

This is a rental unit that I sold.


The Form 1099-S is not entered on a tax return.  The proceeds as shown on the form are entered on the tax return for the sale of the property.

See this TurboTax support FAQ for the sale of a rental property - https://ttlc.intuit.com/community/rental/help/i-sold-my-rental-property-how-do-i-report-that/01/2625...

pomber
Returning Member

I need to enter a 1099-S into my return

the county paid me for part of the land my home is on to put in a sidewalk.

MaryK4
Expert Alumni

I need to enter a 1099-S into my return

Go to Tax question about selling land  KrisD provides a great explanation and entry of the 1099-S.

@pomber

 

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I need to enter a 1099-S into my return

land

MayaD
Expert Alumni

I need to enter a 1099-S into my return

To enter form 1099-S for the sale of Land ;

  1. Log in to your account.
  2. Go to Federal Taxes.
  3. Go to wages and Income.
  4. Scroll down to Stocks, Mutual Funds, Bonds, Other and click Edit.
  5. Answer No to the question "Did or will you receive a 1099-B form or brokerage statement for these sales?" and continue.
  6. On the screen Now we’ll walk you through entering your sale details Choose Land for the drop down menu for "What type of investment did you sell" 
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I need to enter a 1099-S into my return

I was really frustrated trying to figure this out; your answer was a blessing.

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