Triva isn't available right now.
Check out the support page for our phone number and hours
Legal
Recommended Products
-
Westlaw
Conduct legal research efficiently and confidently using trusted content, proprietary editorial enhancements, and advanced technology.
-
Practical Law
Accelerate how you find answers with powerful generative AI capabilities and the expertise of 650+ attorney editors. With Practical Law, access thousands of expertly maintained how-to guides, templates, checklists, and more across all major practice areas.
-
HighQ
A business management tool for legal professionals that automates workflow. Simplify project management, increase profits, and improve client satisfaction.
Questions? We are here to help
Tax & Accounting
Recommended Products
-
Checkpoint Edge
Unleash the power of generative AI through an accounting and tax research tool. Find answers faster with dialogue-based research and quick, on-point search results.
-
UltraTax CS
Provides a full line of federal, state, and local programs. Save time with tax planning, preparation, and compliance.
-
SurePrep 1040SCAN
Automate work paper preparation and eliminate data entry
Questions? We are here to help
Trade & Supply
Recommended Products
-
Foreign Trade Zone Management
Software that keeps supply chain data in one central location. Optimize operations, connect with external partners, create reports and keep inventory accurate.
-
Indirect Tax
Automate sales and use tax, GST, and VAT compliance. Consolidate multiple country-specific spreadsheets into a single, customizable solution and improve tax filing and return accuracy.
Questions? We are here to help
Risk & Fraud
Recommended Products
-
CLEAR
Search volumes of data with intuitive navigation and simple filtering parameters. Prevent, detect, and investigate crime.
-
Fraud Detect
Identify patterns of potentially fraudulent behavior with actionable analytics and protect resources and program integrity.
-
ID Risk Analytics
Analyze data to detect, prevent, and mitigate fraud. Focus investigation resources on the highest risks and protect programs by reducing improper payments.
Questions? We are here to help
News & Media
Recommended Products
-
Reuters Connect
Around the globe, with unmatched speed and scale, Reuters Connect gives you the power to serve your audiences in a whole new way.
-
Reuters Plus - Content Studio
Reuters Plus, the commercial content studio at the heart of Reuters, builds campaign content that helps you to connect with your audiences in meaningful and hyper-targeted ways.
-
Reuters.com Platform
Reuters.com provides readers with a rich, immersive multimedia experience when accessing the latest fast-moving global news and in-depth reporting.
Questions? We are here to help
Books
Recommended Products
-
What's new in legal products
Shop our latest titles
-
Shop tax customer favorites
ProView Quickfinder favorite libraries
Questions? We are here to help
Developers
-
APIs by industry
-
Related sites
-
United States Support
-
International support
-
New releases
-
Join a TR community
-
Free trials & demos
Form 1099-S data entry
To enter information from Form 1099-S, Proceeds From Real Estate Transactions, you can either:
- Use Source Data Entry.
- Use the following tables to find where to enter the information.
Taxpayer's principal residence
Use this table if the property sold was the taxpayer's principal residence.
Form field | Folder > Screen | Field |
|---|---|---|
Transferor’s identification number | Personal Sale > Home | Code the screen unit to T or S to indicate if the Transferor is the Taxpayer or the Spouse. |
Box 1 - Date of closing | Personal Sale > Home | Date former home was sold |
Box 2 - Gross proceeds | Personal Sale > Home | Selling price of home |
Box 3 - Address or legal description | Personal Sale > Home | Description |
Box 6 - Buyer’s part of real estate tax | Personal Sale > Home |
|
note
To report a nondeductible loss on Form 8949, enter
X
in the Report on Form 8949 if not required
field.Sale of any other property
Use this table if the property sold was not the taxpayer's principal residence.
Form field | Folder > Screen | Field |
|---|---|---|
Transferor’s identification number | Personal Sale > Sale | Code the screen unit to T or S to indicate if the Transferor is the Taxpayer or the Spouse. |
Box 1 - Date of closing | Personal Sale > Sale | Date sold |
Box 2 - Gross proceeds | Personal Sale > Sale | Gross sales price or insurance proceeds received |
Box 3 - Address or legal description | Personal Sale > Sale | Description |
Box 6 - Buyer’s part of real estate tax | Personal Sale > Sale |
|
note
- TheBuyer's part of real estate tax code/amountfield reports real estate taxes charged to the buyer at the settlement. Use the code field to properly report this amount on the return. If you use code1 - Real estate taxes already paid; reduce real estate taxes deducted, the application will reduce Schedule A line 6, but not below zero. If you use code2 - Real estate taxes already deducted; report as other income, the application will report the amount as other income on Form 1040, line 21.
- To exclude a loss entered on the Sale screen, enterXin theSale to related partyfield.
This article applies to:
- Product: UltraTax CS
- Return type: 1040 Individual