- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Sale of Rental Properties and Automatic Generation of 4797
Thanks for the help.
I have sold 8 of my 10 rental real estate properties in 2021. I had been using Deluxe, but after a call to tech support they recommended I "upgrade" to Premier which I have done. I checked the box in property information of each property that it had been sold, but I don't get further questions as to date, price, costs of sale, etc. and no 4797 is generated.
I was hoping by checking the "sold" box in the property profile that the proper questions would be asked, a 4797 generated and the individual depreciable items be marked as sold on the building's sold date. None of that has happened.
Am I expecting too much and I need to just manually do all this?
‎April 13, 2022
7:06 AM