@Carl
Thank you so much!! Your expertise of this program saved my day.
- I mistakenly entered all improvement assets with $0 for asset sales price. My mistake was thinking that the price of the house already included all of the capital gain.
- Once I added an asset price on each asset worksheet, all the columns populated. I made sure to reduce the price of the building asset accordingly. Problem solved.
- There were some additional errors I had to fix . .
- Manually add Special Depreciation where it was missing.
- Manually changed Asset Worksheet, Row 5 to F-Rental Furnishings. (the 27.5 Y SL improvements were categorized as I- Residential Rental. This caused some assets to populate on Form 4797, Row 26 instead of Row 25.)
- Once I finished those steps, Form 4797 was fully populated and the numbers all totaled correctly. Also, the Disposition Report for the house and all improvements was correct.
- I didn't have any amortized assets on this house, but I'm glad you pointed that out, because I will have that come up on another house next year.
Thanks again!
