2021 1099-S for non business Home sale

Forum|Forum|4 years ago
February 27, 2022
2 replies
35 views

I've had a few clients sell their vacation home. They have received a 1099-s for the sale.

I don't want to put this on Sch D because it doesn't feel right to put 1099-s information in a non 1099 related form.

I don't want to put it on 4797 because these weren't business properties.

I don't want to put it on the 1099-s home sale because this wasn't their primary home.

So...... where do I put this information?

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Use the 1099B worksheet Quick Entry table, thats where you report a 1099S. If you double click on the entry line, you'll find a box to check if its a vacation property.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

hcliston

Level 5

Thank you, Lisa! I've been struggling with this 1099-S for too long!

IRonMaN

Level 15

"it doesn't feel right to put 1099-s information in a non 1099 related form"

Is it just me or does a 1099-s still look like a 1099, only with an S attached?

Slava Ukraini!

Just-Lisa-Now-

Intuit Community Champion

they really need to change the name of the worksheet from 1099B worksheet to Capital Gains/Loss worksheet, would solve lots of confusion.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

rbynaker

Level 13

@Just-Lisa-Now- wrote:
they really need to change the name of the worksheet from 1099B worksheet to Capital Gains/Loss worksheet, would solve lots of confusion.

Ironically, IMO ProSeries had THE BEST Sch D Wks in the industry. Practically every situation, they had a section for. From stock options to home sale to sale of inherited stocks, it was like the Prego recipe . . . "It's In There!" Then after I left they scrapped it and shoe-horned everything into a 1099-B.

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