Question

Where in TurboTax do I report sale of a deeded boat slip coincident with sale of house but as a separate trans action to a third party. I received a 1099-S for dock sale

Forum|Forum|1 year ago
February 17, 2025
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The dock sale was a real estate transaction, executed through a RE agent for which I received a 1099-S. However, when I report it as a second RE sale, TurboTax assumes it's a house.

D

DavidD66

You report it similar to the same way you would report the sale of stock or bonds that weren't reported on a 1099-B. To report in TurboTax Online:

While working in your return:

In the income section, Select "Investments and Savings...."
On the page "Did you have investment income in 2024?" Answer Yes
On the page "Let's Import your tax info" click on "Enter a different way"
Select "Other" on the OK let's start with one investment type
On the page with "Tell us more about this sale" enter the name of the agent or agency
On the next page, select "Land - Personal Use". You could also select Personal Items
Indicate how you acquired the boat slip, and enter your purchase and sale information, and use the amount on your 1099-S for the proceeds
On the next screen, indicate if you had any sales expenses not reflected in the amount of the 1099-S
Enter your sales expenses, if applicable.