thank you so much. im confused though,
1. I keep seeing 4797 is only for an actual physical property. Is it ok to file it there?
2. Is this the best way to file it for the lowest amount of taxes to pay or should I just file as income?
3 Ive entered it as an asset but dont see where I can put that I sold it and also I try to fill in form 4797 on the forms page but it wont let me input. Im lost
Im in the turbo tax pc version but I only see an area marked
Business Assets ( property that is depreciated ) which starts off asking me to go to asset summary
Also, it says youre a Tax expert, does that mean you work for intuit? Just curious. thanks for your detailed reply, I really appreciate it
