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How do I find Form 4797 Part III Lines 19 -24 to input Gain From Disposition of Property in TT Business?

How do I find Form 4797 Part III Lines 19 -24 to input Gain From Disposition of Property in TT Business download version?

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5 Replies
RobertG
Expert Alumni

How do I find Form 4797 Part III Lines 19 -24 to input Gain From Disposition of Property in TT Business?

For a Partnership you would report the disposition in the Dispose of Business Property section in order to populate the Form 4797.

 

Or you can create a Form 4797 in the Forms section.

 

 

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How do I find Form 4797 Part III Lines 19 -24 to input Gain From Disposition of Property in TT Business?

I appreciate your response. 

 

However, Form 4797 is not showing up in my tax return.  In the Forms section, TT only shows Form 4797 Parts I & II. 

 

How do create Form 4797 Part III Lines 19 -24? 

 

Thank you.

ThomasM125
Expert Alumni

How do I find Form 4797 Part III Lines 19 -24 to input Gain From Disposition of Property in TT Business?

Part three of form 4797 is for section 1245, 1250, 1252, 1254  and 1255 property sales.  You can see the following for information on how to enter those sales:

 

 

This screen shot is from the top of form 4797 entry worksheet in TurboTax.

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How do I find Form 4797 Part III Lines 19 -24 to input Gain From Disposition of Property in TT Business?

I appreciate your response.

 

How do I access the 4797 entry worksheet which you have shown on your screenshot?

 

Thank you.

ThomasM125
Expert Alumni

How do I find Form 4797 Part III Lines 19 -24 to input Gain From Disposition of Property in TT Business?

In the forms mode, pull up form 4797 p1. On the top of the screen you will see a "QuickZoom" option to go to form 4797, part III as follows:

 

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