Do I need to enter a 1099-s that my wife received on the sale of a home that she and her ex-husband sold at a loss?

Yes, you need to enter the 1099-S form on your tax return. The IRS was sent a copy and they will be looking for it on your tax return. 

If this was her personal residence, she won't be able to deduct the loss on her income tax return. Personal losses are not deductible.

To enter the 1099-S. see the information below:

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 or continue your return.
• 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.

Other real estate sales

If your 1099-S wasn’t for the sale of your main home, select the option below for step-by-step instructions:

• Sale of a second home, an inherited home, or land
• Sale of a rental property
• Sale of standing timber