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Investors & landlords
I contacted TT but they only assistance they could provide was to delete Form 4797 and re-enter the info. I deleted the Forms and then deleted the vehicle info under the rental property section.
I then went back to prior answers to my question and followed the advice to convert the vehicle to personal use and enter the sale on the Business Sale of Property - I selected Recapture ... or Listed Property. The next screen asks if business use fell to below 50% for the first time in 2021. I selected no since it had not. The interview then ends and does not generate Form 4797.
I posed another question to you but did not receive a response.
Could someone please help me with these issues?
‎February 20, 2022
9:01 AM