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Deductions & credits
If you just want to get rid of the entry relating to the sale/trade-in of your car, then one option is to just delete Form 4797, Sale of Business Property, from your return. In TurboTax online, here are the steps to delete a form:
- Open or continue your return in TurboTax.
- In the left menu, select Tax Tools and then Tools.
- In the pop-up window Tool Center, choose Delete a form.
- Select Delete next to the form/schedule/worksheet in the list and follow the instructions.
If the trade-in of the vehicle was part of your business, then you can jump-to the depreciation section in TurboTax online by entering the term "depreciation" (no need to use quotation marks) in the search bar. Then click on the jump-to link.
@lililu
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March 14, 2022
12:08 PM