@Hal_Al , first, I mistakenly said sold my property in January 2020 when actually it was January 2021.
Second, I can add up the cost basis manually and force form 4797 to show the correct cost basis by entering it as Asset Sales Expenses in the disposed of asset section. Is that where you entered your additional cost basis?
This value shows on line 22 of the Asset Worksheet for the property which is described as "Asset expense of sale". I'm having a hard time getting this past my sniff test but it does work. I and doubt the worksheet is being included with my filing docs. Also, the program has the depreciation shown correctly.
I do have the new roof and renovations assets already included in my assets section so I'm still assuming I have to dispose of them through the program and allocate the appropriate sales price to show no gain or a small gain of $1. If you handled it differently then a little more detail would be appreciated, thanks.
