A-Uncle
I need to reduce the gain on a rental property reported in 4797 Part 3. The figure I need to add in 4797 Part 1 Line 2 is for repairs to the properties mainline. This is a loss that was not depreciated. I had my return prepared this year and want to duplicate the preparers return in TT for next year. So the question is how can one navigate the TT software to populate 4797 Part 1, Line 2.
I see how to get 4797 Part 1 Line 2 to populate . Under Wages and Income > Rental Property > edit Rental/Royalty > Assets and Depreciation. Then go to Asset Summary. Here you can Add a Depreciable asset
