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February 4, 2025
Question

1099-S Proceeds From Real estate Transactions Sale of Time Share

  • February 4, 2025
  • 1 reply
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Where do I enter 1099-S proceeds from sale of Time Share

    1 reply

    February 4, 2025

    To enter your Form 1099-S timeshare sale information in TurboTax Online:  

    1. Open TurboTax Online
    2. Select  Tax Home in the left pane
    3. Select the dropdown to the right of Wages & Income
    4. Select  Pick up where you left off, Review/Edit or the edit pencil
    5. On the Great! We've got your income info page, select the dropdown to the right of Investments and Savings -- 1099-B, 1099-INT, 1099-DIV, Crypto Gain/Loss Report
    6. Select Start or Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
    7. If you arrive at the Did you have investment income in 2024? page, select  Yes.  Otherwise, select + Add investments
    8. On the Let's import your tax info page, select Enter a different way
    9. On the OK, let's start with one investment type page, select Other, then Continue
    10. On the Tell us more about this sale page, enter Timeshare and its location, then select Continue
    11. On the Now, enter one sale for Timeshare page, enter your relevant information. 
    12. Under What type of investment did you sell?, select the dropdown for Land (personal use).  Once done with the page, select Continue
    13. Answer as appropriate on the subsequent screens

    If the TurboTax Online navigation displayed above doesn't look like what you're seeing, see the TurboTax Help article Why does the TurboTax navigation menu look different for me?.