RK73
Returning Member

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?