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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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    1 Best Answer

    Accepted Solutions
    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.

    View solution in original post

    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!