Question

Form 1099-S

Forum|Forum|1 year ago
March 11, 2025
1 reply
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I received a Form 1099-S from the sale of a family member's main home that I had an interest in. I know all the information I need to input as far as proceeds, basis, etc. but I don't know where to enter this in Turbotax. If you go "Less common income" items then it's for the sale of a main home. If I try to input as an investment and call it "Other" or a "second home" it shows up on Form 8949 as if I received a 1099-B. Any assistance would be appreciated.

Thank you!

D

DavidD66

It's ok if it shows up on Form 8949. Form 8949 is not just for investment sales reported on a Form 1099-B. It's for any asset sales other than those related to a business. It sounded like you were on the right track. If you have a gain on the transaction it won't matter whether you report it as a second home or an investment property.

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