Question

I already received my refund, but forgot to file a 1099S. How do I go about doing that? Do I need to amend or just wait till next year to file it.

Forum|Forum|5 years ago
May 3, 2021
1 reply
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TurboTax Deluxe Online

AMEND NOW ... do not wait for the IRS letter in a couple of years with the penalties and interest on it. You cannot put 2020 income on a 2021 return.

G

gmtn315Author

But it doesn’t show where to file my 1099S. It doesn’t exist anywhere.

ColeenD3

Is it for your personal, second or rental house? They all three have different entry points.

Sale of your main home

If the 1099-S was for the sale of your main home, it’s reported under Less Common Income in the Wages & Income section. Here's how to enter the form:

Open your return.
(To do this, sign in to TurboTax and select the blue Take me to my return button.)
Type “sale of home” in the Search box.
Select the “Jump to” link in the search results.
Follow the screens to enter the info from your 1099-S.

Profits of up to $250,000 ($500,000 on a joint return) on the sale of your home may not be taxable if it was your primary residence for two of the last five years. We’ll ask you some questions about the sale of your home to see if you qualify.