Skip to main content
Level 3
March 19, 2025
Solved

1099-S - sale of vacant property

  • March 19, 2025
  • 1 reply
  • 3 views

Client purchased 2 vacant parcels many years ago and sold this tax year, receiving a 1099-S.  The program doesn't support a 1099-S, and I don't think sale of home is the correct worksheet to use to show the sale and capital gains.  Where should I report it specifically so it will flow to the 1040?

This topic has been closed for replies.
Best answer by sjrcpa

Use the 1099-B worksheet and indicate not reported on a 1099-B.

This should end up on Sch D/8949 just like a stock sale.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
March 19, 2025

Use the 1099-B worksheet and indicate not reported on a 1099-B.

This should end up on Sch D/8949 just like a stock sale.

The more I know the more I don’t know.
DBnrAuthor
Level 3
March 19, 2025

Thanks so much - I that was where to report it, but didn't get around the "not reported on 1099-B" form.  Thanks again!