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K-1 final sales schedule gains reported on form 4797 business sale and 1099B
The ordinary gains from a K-1 final sales schedule has resulted in the creation of form 4797 business sale. I have revised original answers to the K-1 sales schedule interview questions and modified the cost basis in the 1099-B per direction in other threads to correctly report the gains. Seems like this form is now double reporting. Can I delete the 4797 form?
March 28, 2023
11:09 AM