1099-S for sale of inherited rental property

Forum|Forum|7 years ago
March 28, 2019
1 reply
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Trying to enter 1099-S for inherited house used as rental in 'second home' section and TT says "Don't enter sales of business property in this interview topic".
Sales info is entered into 'Rental & Royalty Income' section.
Is 1099-S needed? If so, where/how do I enter.

Best answer by Kat11_2

The TurboTax FAQ below "should" assist you in getting to the right place in the TurboTax interview. Please post back if you still have difficulty.

https://ttlc.intuit.com/questions/1933977-i-sold-my-rental-property-how-do-i-report-that

Kat11_2Answer

Employee

The TurboTax FAQ below "should" assist you in getting to the right place in the TurboTax interview. Please post back if you still have difficulty.

https://ttlc.intuit.com/questions/1933977-i-sold-my-rental-property-how-do-i-report-that

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

thom11Author

Employee

Thanks. The rub came in because we received a 1099-S & that isn't needed in Rental Property interview.

Kat11_2

Employee

So glad it helped you get past the issue. Best of luck!

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***