Do I enter Form 1099-S for selling stock under the "Your Income" section , if not, where?

Typically, a 1099-S is for a tax document used to ensure that the full amount received for a real estate sale of some kind is accurately reported. When real estate is sold, the seller is often subject to a capital gains tax. A 1099-S can also be used to report income made on rental property or investment property.

The Form 1099S is entered into TurboTax by using the steps shown here.

Form 1099 S is entered in the Less Common Income section of Turbo Tax (online or desktop).

1. Select Federal Taxes
2. Select Wages and Income
3. Scroll down and select Show More at Less Common Income
4. Select Start at Sale of Home
5. The program will prompt you on how to handle if this home or property was not your primary residence.