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Deductions & credits
Nothing is working for me on this, trying to correct an error I made on condo sale. I finally have created a revision in the sale of Business property smart Worksheet. The data is correct and it shows a loss as expected in Part 1 item 2.
Continuing on Form 4797 p1. I scroll down to item 6; gain (if any) from line 32 and see a gain of $33,141 in item 6
Turning to 4797 ( p2 copy 1) I see $ 110,000 sale price which was my error since it was 50% or 55,000. This 2nd page was done first and I've tried to seek and erase it. It triggers the 33,141 profit.
So there are 2 competing reports and I've tried everything to find and delete the first report. that's blocking me from completing my taxes.... Really hope you can clarify
March 9, 2022
1:23 PM