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L
lmcconnell1
January 26, 2023
Question

Why is sale of land reflected as 1099-B instead of 1099-S even though I entered under the 1099-S tab?

  • January 26, 2023
  • 1 reply
  • 0 views
I received a 1099-S for sale of land and Turbo Tax reflects as 1099-B.  I select the tab for 1099-s and upgraded to premier. I have deleted and reentered several times.  

1 reply

T
ThomasM125
January 26, 2023

The sale of land would be an investment sale similar to the sale of an investment that would be reported on a form 1099-B. Since they have the same tax treatment you can enter the sale and cost information on the same screen as sales reported on a form 1099-B in TurboTax.

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    L
    lmcconnell1Author
    January 26, 2023

    Thanks so much!

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