willcoxboy76
Returning Member

Investors & landlords

Goldenage,

Use form 4797.  Make sure the number inputted on line 7 is negative.  Use control D to override smart sheet.  This negative amount will be transferred to schedule 1 line 4.  In my case had refinance fees of $1,895,  I had taken prior depreciation of 798.  So my loss is -$1,097.00.