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    2021 1099-S for non business Home sale

    RuneySolutions
    Level 1

    I've had a few clients sell their vacation home. They have received a 1099-s for the sale.

    I don't want to put this on Sch D because it doesn't feel right to put 1099-s information in a non 1099 related form.

    I don't want to put it on 4797 because these weren't business properties.

    I don't want to put it on the 1099-s home sale because this wasn't their primary home.


    So...... where do I put this information?

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    8 Comments 8
    Just-Lisa-Now-
    Level 15
    Level 15

    Use the 1099B worksheet Quick Entry table, thats where you report a 1099S.  If you double click on the entry line, you'll find a box to check if its a vacation property.

    1099svacationhome.png


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    IRonMaN
    Level 15

    "it doesn't feel right to put 1099-s information in a non 1099 related form"

    Is it just me or does a 1099-s still look like a 1099, only with an S attached?


    Slava Ukraini!
    Just-Lisa-Now-
    Level 15
    Level 15
    they really need to change the name of the worksheet from 1099B worksheet to Capital Gains/Loss worksheet, would solve lots of confusion.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    hcliston
    Level 5

    Thank you, Lisa!  I've been struggling with this 1099-S for too long!

     

    0 Cheers
    rbynaker
    Level 14

    @Just-Lisa-Now- wrote:
    they really need to change the name of the worksheet from 1099B worksheet to Capital Gains/Loss worksheet, would solve lots of confusion.

    Ironically, IMO ProSeries had THE BEST Sch D Wks in the industry.  Practically every situation, they had a section for.  From stock options to home sale to sale of inherited stocks, it was like the Prego recipe . . . "It's In There!"  Then after I left they scrapped it and shoe-horned everything into a 1099-B.

    Just-Lisa-Now-
    Level 15
    Level 15

    They still have a lot of that, if you double click on one of the Sch D entry line, you get a page with a bunch of other options, but I agree, they messed with something that didnt need to be messed with.


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Camp1040
    Level 11

    @rbynaker  I think THE BEST Sch. D worksheet got moved to TT.

    ljr
    Level 9

    Intuit did have the best worksheet for sales - I hate having to use the 1099-B for a sale of a second home 

    0 Cheers