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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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Level 1
 
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Level 8

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 posed.

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Level 8

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 posed.

View solution in original post

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Level 15
Level 15

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


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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