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February 16, 2021
Question

I sold some real estate in 2020. i have 1099s. but the only 1099s form here deals with sale of a house. and i did not sale a house. what to do?

  • February 16, 2021
  • 1 reply
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do not know how to enter the sale, or where to find the location for 1099s

    1 reply

    Critter-3
    February 16, 2021

    because of 1099-s can be used for selling off many different kinds of real estate there is no 1099-s place in the program.  You will simply enter the sale just like you would enter a sale of stock in the investment section of the income tab.

     

    If you are in the business of buying and selling homes then the sale would be reported on the schedule c and the house is reported as inventory.

     

    Do not use the sale of personal residence section as you already noticed it is incorrect.