Question

Where do I enter 1099s?

Forum|Forum|6 years ago
April 15, 2020
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TurboTax Self Employed Online

What kind of 1099? 1099S, 1099Misc, 1099R etc.

1099S

If you sold land for a cell tower and this was not your home, then you would enter the sale by taking the steps below.

Federal
Income
Show More next to Investment Income
Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
Select Other
Continue through and select Other again for the type of investment (land)
Answer how you obtained the items you sold
You will need to enter the selling price, dates and the cost basis of the items

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I have sold the family farm and have a 1099S. How do I get to the entry location in Turbotax?

Enter the 1099-S in the Stocks, Mutual Funds, Bonds and Other interview in Personal > Personal Income > Investment Income - the interview assumes you will have a Form 1099-B, but this is where you enter a Form 1099-S.

There is no special interview in TurboTax for Form 1099-S - it is entered in the Stocks, Mutual Funds, Bonds and Other interview of Investment Income and is not a Form 1099-B.

In the Stocks, Mutual Funds, Bonds and Other interview, answer "No" when asked "Did you get a 1099-B or other brokerage statement for these sale?" Then, enter the "farm" sale information from the 1099-S.

In desktop versions of TurboTax, the screen looks like the following: