I have 3 residential properties. I only sold one at a gain in 2022. When I get to the rental (Schedule E) for that sold asst, the “asset entry worksheet “specifically asked that the land price, selling price of the land and the appropriate selling cost to be segregated form the building.
I assume the land information will go to part I of form 4797 and the building part III of the form.
Now when I continue with “easy step. There is another section that askes about “any other property sale” Should I do that section two?
Somehow, I am getting two copies of PAGE 2 of the FORM 47497 and the information does not flow through. The second copy is called enterable copy! I get unusual number for and the capital gain calculation. So, I was wondering where I went wrong. I tried to override the. Numbers. But overriding will not allow me to file electronically.
