Where do I enter the sale of business property in TurboTax Business 2018?

[gerutzen]

I have seen references to Form 4797, but it is not available in TT Business 2018.  I have also seen instructions to search for 'sale of business property' and  select the jump to link, but there is no jump to link in TT Business 2018.

[IreneS]

What type of return are you preparing?

[gerutzen]

1041 final return for a Trust

[Anonymous_ · Accepted solution]

"Where do I enter the sale of business property in TurboTax Business 2018?"

If the property had been associated with (or used as) a rental or royalty property, then start in the Rentals and Royalties section of the program (see screenshot).

If otherwise, then you will have to prepare that part of the return using Forms Mode. All of the relevant forms are available, but there is no Step-by-Step section that guides users through the sale of a business asset that was not used in connection with, or as, a rental or royalty property in the 1041 module of the program.

[gerutzen]

Thank you.  I appreciate your help.  As it turns out, I had to search on Schedule D and do a 'jump' from the pop-up screen to get to the forms needed to report the sale.

[paulnmears]

I have the same problem entering the sale of business property data into the 4797 line 10 for a 1065, The sale of property section takes me to all kind of depreciation questions. I am abandoning an LLC interest, and the 4797 instructions tell be to enter it in line 10, but I cannot manually fill out the 4797 using forms. 

Help!!!

[amoslatham]

I can't figure out how to get a 751 gain on to line 10 of form 4797