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Level 2
March 1, 2022
Question

Where to enter a 1099-A on an 1120s

  • March 1, 2022
  • 2 replies
  • 16 views

Hey

first time receiving a 1099-A issued for an S-Corp, not sure where to begin when it comes to it? cant find much info on it either!

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2 replies

Level 15
March 1, 2022

A 1099-A is entered as a sale of property.  So you report the sale of whatever it was (probably 4797 or 8949/Schedule D).

 

Just-Lisa-Now-
Intuit Community Champion
March 1, 2022
what kind of property did they abandon?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 2
March 2, 2022

It was a car