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Get your taxes done using TurboTax
Finally got Sched K-1 including the 2021 Sales Schedule with the significant dollars for last year.
Now, I'm a little confused. It agrees with you that I should make 'gain subject to recapture as ordinary income' as a negative adjustment, and that I should include this on Form 4797.
Making the adjustment to 8949 decreases my taxes and maybe it should if I had Form 4797.
However, there is no Form 4797 in Turbotax and per a community response on 4797, there is no way to insert forms that are not automatically created.
Suggestion?
March 7, 2022
9:10 AM