Where do I list income reported on a 1099S

The 1099-S is used to report the proceeds from the sale or exchange of real estate and certain royalty payments. Where you enter your Form 1099-S depends on why you received it.

Find your situation below and follow the instructions.

Sale of your main home

Sale of other real estate

Related Information:

• Where do I enter the sale of a second home, an inherited home, or land on my 2021 taxes?
• I sold my rental property. How do I report that?
• Where do I enter income from a timber sale?

The 1099-S is issued to the seller of real estate. So apparently, you sold some real estate in 2021. You'll deal with the form when you report the sale of that real estate on your tax return. Exactly where you report it, depends on what you sold. Rental property? Raw land? Your primary residence or 2nd home? Something else?

Typically, the 1099-S shows the proceeds paid out at the closing. The amount shown may or may not be the correct taxable amount, and it's perfectly possible that none of it will be taxable. But you won't know until you enter this sale on your tax return.