The gain on Form 4797 does not appear to include the adjusted basis of the building or the land ($47,206). But without seeing all the related entries, it's not possible to identify the source of this difference. It would be helpful to have a TurboTax ".tax2021" file of your return (with no personal information) for further review.
If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, here are the instructions:
Please go to Online in the TurboTax header.
- Choose Send Tax File to Agent.
- You will see a message explaining what the diagnostic copy is. Click Send on this screen and wait for the Token number to appear.
- Reply to this thread with your Token number.
This diagnostic copy (numbers only; no personal info) of your tax file will allow us to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.
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