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Get your taxes done using TurboTax
You can report a "Sale of Business Property" using the instructions listed below.
You can enter your sale of business property as follows:
- Click on the search icon in the upper right of your TurboTax screen
- Type "sale of business property" in the search box
- Click on the link "Jump to sale of business property"
- Follow through your screens and answer all of the follow-up questions about your sale.
This will create a Form 4797 Sales of Business Property for your return.
If you are using TurboTax Desktop, you can view this form as follows::
- Click on "Forms" in the upper right corner of your TurboTax screen to switch to Forms Mode
- In your left panel under "Forms in My Return"
- Scroll down to "Form 4797 Sales of Business Property"
- Click on the form and it displays in your right panel
- In the bottom left of the form in your right panel click on "Delete Form"
Your screen will look something like this:
Type "sale of business property" in your search bar:
Form 4797 Sales of Business Property:
If you have additional information or questions regarding this, please return to Community and we would be glad to help.
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March 19, 2025
1:19 PM