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Regarding Form 4797

Somehow it's taking the same SIENNA VAN, my business vehicle that I sold last year two times. Showing it as PROPERTY A & PROPERTY B, Need get rid of PROPERTY A it's showing. Can somebody give me answer how to get rid of that??

 

Thanks

Manny

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1 Best answer

Accepted Solutions
ThomasM125
Expert Alumni

Regarding Form 4797

For 4794 would be used to report the sale of a business asset. You should go to the business section in TurboTax and click on the Update box next to your business or rental activity. Then edit the business activity where the auto would be listed and Update the Assets/Depreciation section. Choose the go to my asset summary option and you will see a list of the assets in your program. There should be two entries for the vehicle, so you can delete one of them to remove the duplicate reporting of the sale.

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2 Replies
ThomasM125
Expert Alumni

Regarding Form 4797

For 4794 would be used to report the sale of a business asset. You should go to the business section in TurboTax and click on the Update box next to your business or rental activity. Then edit the business activity where the auto would be listed and Update the Assets/Depreciation section. Choose the go to my asset summary option and you will see a list of the assets in your program. There should be two entries for the vehicle, so you can delete one of them to remove the duplicate reporting of the sale.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Regarding Form 4797

Thank you very much,

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