Drake Tax - 4797: 1099-S Transaction

How to get an amount to show on Form 1099-S and carry to line 1 of Form 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. Then, 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 Form 1099-S Instructions.