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1099-S - sale of vacant property

DBnr
Level 2

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?

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sjrcpa
Level 15

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.

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2 Comments 2
sjrcpa
Level 15

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.
DBnr
Level 2

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