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kdominic
March 9, 2023
Question

1099-S on a 1065

  • March 9, 2023
  • 1 reply
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On a 1065 form, where do I list a 1099-S?

    1 reply

    AliciaP1
    AliciaP1
    March 9, 2023

    1099-S is reporting the sale of the property belonging to your partnership.  You do not need to report the details of the 1099-S, merely the details of the transaction it represents.

     

    To enter the sale of an asset in TurboTax Business you can follow these steps:

    1. Within your tax return, under the Federal Taxes tab and Income, click Start/Update for Business property/assets
    2. Click Edit for the property that was sold
    3. Enter the details of the transaction referring to the 1099-S for specific amounts
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