Thank you Cynthia.
When I go to the line 20 of the asset entry worksheet line 20 and enter date dispositioned (11/22/22) and on line 21, I enter zero for sales price, it shows a large loss on lines 35 and 36.
Form 4797; Sale of Business Property, Part 1, automatically fills and shows a loss.
I should NOT be taking loss. My son will live in gifted property as his primary residence. If he sells after owning and living there for 2 plus years, he will take gains from my adjusted cost basis.
I just can’t make Turbo tax input correctly.
