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10524: 1099-S Transaction to 4797 - Sale of Property Held for More than One Year


1040 Individual Data Entry

In a federal individual return, the taxpayer sold property he kept for more than a year. How do I get an amount shown on a 1099-S for the property to flow to line 1 of the 4797?


If the property appears on a 4562 screen, either

  • Complete the IF SOLD section of the screen and select the 1099-S option (Date Sold and Property Type are required entries).
  • Enter only the date sold in the IF SOLD section. Next, go to the 4797 screen, enter the sale, and select the 1099-S transaction box.

If the property does not appear on a 4562 screen, complete screen 4797, selecting the 1099-S transaction option.

For more information, see the Instructions for Form 1099-S.


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