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Investors & landlords
Thank you for replying but unfortunately I did not understand the solution. I was asking about 4797 (Sale of business property). Partnership has elected for MTM under section 475(f) and as such partnership would like to report all stock transactions in 4797 and according to IRS website we have to provide a summary in line 10 and attach a document to the mailed in return with individual transactions.
I am unable to edit the form 4797 after adding it to the return from the Forms sub heading in Turbotax business.Reading your message it looks you are telling that there is a different work flow that I need to complete to achieve this. Could you please elaborate on the steps in the software on how I go about completing this work flow please.
March 15, 2025
11:05 AM