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Where to report 1099-S income sale of timber?

 
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Phillip1
New Member

Where to report 1099-S income sale of timber?

This will be reported in the section that you report capital gains transactions (like sales of stocks and bonds). To enter the sale follow these instructions:

  1. When logged into your return, click on the Federal category in the left hand navigation bar on your screen.
  2. Click on the Wages and Income tab at the top of your screen.
  3. Find the section labeled Investment Income, and click start by the line labeled 
  4. Go though the screens and answer no to questions about a financial institution and Form 1099-B.
  5. Go to a screen labeled, "Choose the type of investment you sold" and choose "Everything else".
  6. Enter the remaining information on the subsequent screens.

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