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Get your taxes done using TurboTax
@randoodle, @Husam22
......
"Then we arrive at Sales Information. If I put in any info regarding the Asset Sales Price, Asset Sales Expense, Land Sales Price, or Land Sale Expenses - a form 4797 is generated.
Hence, I would have to leave them all at 0 for everything to work out. And that makes sense because the property was exchanged - not Sold! "
Actually, I had to literally delete 0 out of the box to leave the sales box blank to get a correct form 4797.
‎April 16, 2021
2:30 PM
4,544 Views