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Get your taxes done using TurboTax
Thank you for the quick reply. I've done all of your suggestions. I even opened a new file and put that asset into a "new" tax return by itself. I'm still getting the same thing. In the interview portion it shows exactly what I expect it to show (a gain), but when I look at the form (4797) it shows a loss.
It seems like it may have something to do with the section 179 deduction I took in 2016 which was the first year I had this asset. On form 4797 Part I Line 2 Part (e) it shows the amount of depreciation I took but does not include the 179 deduction amount. My other assets that had both of these types of depreciation had them combined in this box. It is also changing the numbers in Part (d) and part (f) but I cannot figure out where these numbers are coming from.
At a loss and all suggestions are appreciated.