jvanstee2000
Level 1
‎03-01-2021 08:27 PM

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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dkh
Level 15
‎03-01-2021 08:34 PM

Open Schedule D , select 1099B Quickzoom to get to the worksheet you need

jvanstee2000
Level 1
‎03-01-2021 08:58 PM

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?

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dkh
Level 15
‎03-01-2021 09:50 PM

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