BJB61
Returning Member

Investors & landlords

This is still not getting rid of Form 4797.  My screens never ask me the question if I've always used this item 100% of the time for this business.  The closest my screens come to this question is the screen that comes up first for each asset when you click Edit.  That screen asks you to verify info transferred from the 2021 return -- description, date, asset type, cost, land, Business %, prior depreciation.  I have 100% for business use for every asset.  The next screen asks "Did you stop using this asset in 2022 (with one of the reasons listed being converted to personal use)?  I have entered Yes for each asset, but that screen doesn't have a place to indicate I purchased this asset, unlike your screen.  The next screen asks for the date of sale or disposition for which I've entered 4/30/2022 for each asset.  That same screen also lists the date acquired and 5/1/2007 is listed for each asset.  The next screen asks if special handling is required and I've indicated Yes for each asset.  It then tells me how much depreciation has been calculated and I agree with that calculated amount.  I agree with the net rental income calculated for the year.  My problem is that the Form 4797 still remains and is allowing a loss equal to the rental income amount for 2022.  This makes no sense to me.  I have been through all the rental activity screens time and time again.  The software is not working in my case.  I am very disappointed with the software after using it for over 15 years.  The worst part is I don't know how to get this resolved as I don't want to file a return indicating there was a disposition of this property.