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Client Resident Of Massachusetts Received a 1099-S For the sale of Land In Florida

Forum|Forum|3 years ago
March 2, 2023
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Hello Proseries Community, my client who's a resident in Massachusetts received a 1099-S for the sale of land in Florida. There is no 1099-S in Proseries Basic. What forms should I use for this form, Schedule D, etc....? It is the first time I file their return and I do not believe that they recapture any depreciation. Will need to do that as well, correct? Thanks.

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Best answer by Just-Lisa-Now-

Sch D/8949 Use the 1099B worksheet and skip over the brokerage section.

Land doesnt get depreciated, so youre good there.

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Intuit Community Champion

Sch D/8949 Use the 1099B worksheet and skip over the brokerage section.

Land doesnt get depreciated, so youre good there.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

borinquenfsAuthor

Level 3

Hi Lisa,

I was just telling my wife that I thought that we needed to fill out Schedule D/8949 but not 1099-B. I will do that. Thank you much...