All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Pioneer
Posts: 2
Registered: ‎02-20-2016

1099-A

Where do I enter the 1099-A information using the HR Block program?  I see no place to do it on the free version.  Do I need to upgrade to a different version?.

Associate (Neighbor)
Posts: 332
Registered: ‎04-03-2013

Re: 1099-A

The most common use of this form is foreclosure of a home.

 

If this was your primary residence answer the questions as if you sold it to bring up the correct worksheet.  Most likely you will have a nondeductable loss on the transfer.  If this was not for a residence but some other property please advise what it was and we will point you in the right direction.

 

Regards,

Caleb

Valued Pioneer
Posts: 4
Registered: ‎04-13-2017

Re: 1099-A

What is this was for a Rental property but was a previous Primary Residence?

 

Thank you

 

Can I add the 1099-A the H&R block software?

 

Tax Pro
Posts: 5,725
Registered: ‎02-23-2016

Re: 1099-A

Hi Rustydon81,

 

Welcome to the H&R Block community.

 

If you have a gain on this foreclosure then you will need Schedule D and will need to upgrade to Deluxe at a minimum.  If you have any gain from this foreclosure sale you will likely receive a Form 1099-C as well, and you'll find the questions for Form 1099-C that will determine if any of the gain is excludable in the "other income" section.  If you don't or didn't get a 1099-C just let us know and we'll help you determine if you have a gain or a loss and guide you through entering it in the software (if you need to do so).

 

Louis,

Senior Tax Advisor (Tampa, FL)

Valued Pioneer
Posts: 4
Registered: ‎04-13-2017

Re: 1099-A

Hello,

 

Thanks for the information. It took me a while to find this post again.

 

I did not have any gains from the foreclosure or have I received a 1099-C as of now. Its been almost 2 years well.

 

Can i just purchase the Deluxe version from the store? Also i typically use Turbo tax but seems there is limitation with Turbo Tax and Can i just upload my turbo tax information from last year in your software? 

 

Thank you

Valued Pioneer
Posts: 4
Registered: ‎04-13-2017

Re: 1099-A

It was previous Residential. only used as a rental for a short time.