Where I do enter 1099S from for sale principal residence

Forum|Forum|4 years ago
April 26, 2022
4 replies
42 views

House sold by $1,860 000 in California. The client received a 1099S. She does not have any income. Where do I enter in Pro Series. She have to pay taxes?

Also received a California Form 593 where certified that is fully exempt the sale from withholding.

ProSeries Professional

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dkh

Level 15

Complete the Home Sale Worksheet. That will determine if the client owes.

Just-Lisa-Now-

Intuit Community Champion

Removed, I didnt read the full post...DUH!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

qbteachmt

Level 15

"that is fully exempt the sale from withholding."

Always keeping in mind that some event being exempt from Withholding doesn't mean not owing taxes... Withholding simply is prepayment against likely taxes. Until the tax returns are prepared, you don't see the full picture.

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