Shiney2
Returning Member

Investors & landlords

I have the same issue. How do I enter the remaining unamortized portion of the first loan on the asset entry for transfer to 4797.  If I enter it as 'sold' intangible for value of zero$, Turbo Tax gives me an error and says cannot do this for intangibles, i.e. not 1245 property. See Tax Help for specific instructions. Where are such instructions?