Answered: How do I enter a 1099-S on Form 8949 or Sch D to show that there is no tax due?

Buddy100 · ‎12-07-2019

dd4vols · ‎12-07-2019

If you are selling a principal residence.... go to the Home Sale Worksheet....and follow the instructions... it will populate the Sch D with all the pertinent information and indicate the exemption for principal home sale if it qualifies.

If it's for timber, land, etc...just click on Sch D, and manually input the amounts of sale, cost basis, date of sale,date of acquisition. It will handle accordingly also there.

If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.

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dd4vols · ‎12-07-2019

If you are selling a principal residence.... go to the Home Sale Worksheet....and follow the instructions... it will populate the Sch D with all the pertinent information and indicate the exemption for principal home sale if it qualifies.

If it's for timber, land, etc...just click on Sch D, and manually input the amounts of sale, cost basis, date of sale,date of acquisition. It will handle accordingly also there.

If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.

Just-Lisa-Now- · ‎12-07-2019

Depends on what you're selling.....can you provide more details?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

470pitt · ‎02-10-2021

Where on the sch d do i enter the sale of land

470pitt · ‎02-10-2021

a tract of land

How do I enter a 1099-S on Form 8949 or Sch D to show that there is no tax due?

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