turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

wmblakesr
Returning Member

Reporting income sale of vacant land in 2019 on form 1099-S

I sold vacant in Henderson,NV 2019 and the sell was completed 12/20/2019.  Fidelity Title Company of Nevada finalized the sale and sent the proceeds to us.  The 1099-S was received in January 2020 and I need help in completing this document in my Turbo Tax return.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

Reporting income sale of vacant land in 2019 on form 1099-S

To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

On the next screen, click Yes

On the next screen, click No

On the next screen, choose Land and continue with the section until it completes.

canoe
New Member

Reporting income sale of vacant land in 2019 on form 1099-S

in the instructions below it states: Click on Federal Taxes (Personal using Home and Business)

I am using Home and Business but can't find where Federal Taxes is located, so can't click on it.

 

thanks

Reporting income sale of vacant land in 2019 on form 1099-S


@canoe wrote:

in the instructions below it states: Click on Federal Taxes (Personal using Home and Business)

I am using Home and Business but can't find where Federal Taxes is located, so can't click on it.

 

thanks


If you are using the Home & Business edition, you do not see a Personal tab at the top of the desktop screen?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies