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kmsadowski2022
February 13, 2025
Question

I have tried to manually input data from form 1099-S, from a sale of land, and the system keeps changing the form to a 1099-B. Why is it doing this?

  • February 13, 2025
  • 1 reply
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    1 reply

    J
    JamesG1
    February 13, 2025

    The IRS considers the sale of land, the sale of a second home and the sale of an inherited home to be investment sales.  See this TurboTax Help.

     

    The sales are reported on IRS form 1099-B and IRS form 8949 Sales and Other Dispositions of Capital Assets and Schedule D Capital Gains and Losses.

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