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<Solved> Re: I think I have found a bug in Form 4797 (sale of rental property) am I missing something
Line 2 contains the land gain for a sale of rental property
Line 32 contains the gain for the building including recaptured depreciation
Line 6 should be a straightforward transfer of line 32
Instead, Line 6 is the sum of Line 2 and Line 32
Line 7 then adds Line 2 to Line 6 effectively doubling the land gain on this sale
It is possible I'm not understanding something, I'm a rank beginner with rental property sales, but this looks like a bug.
<<<solution>>> look at my last comment.
‎April 25, 2021
8:56 AM