My client sold timber off her land and received a 1099-S. On what form do I report this sale? Box 3 shows timber royalties.
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Open Schedule D , select 1099B Quickzoom to get to the worksheet you need
Thank you for your reply. I'm in the 1099-B worksheet and still can't find a link to a 1099-S to fill out. Do I just enter this as a long term capital gain?
Doubt there is a link specifically for 1099-S but Schedule D is where you want to be this might help you determine how to enter https://www.irs.gov/pub/irs-pdf/i1099s.pdf
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