463429
I am a security trader who has made a mark to market election with the IRS. I have to report sales transactions on Form 4797, Part II, Line 10. The interview section for sales of business property only address depreciable property and won't allow me to report sales at a loss.
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Go through the "Sale of Business Property" section again. You answered one of the questions incorrectly (read the screens carefully, one of the first questions should be "no").
use the section for disposition of non depreciable property on schedule c
4797 abandonment instruction says enter loss in line 10. TurboTax Business only wants to enter the loss in line 7. I cannot edit the form to enter into line 10. THIS IS A 1065 ISSUE NOT A 1040 ISSUE!!!
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