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kevintyll
New Member

Can I delete a Sale of Business Property I already accounted for in Rental Properties and Royalties (Sch E)?

I've tried to delete it by Clicking Edit on Sale of Business Property and deleting it from there. I've also tried to delete form 4797 from Tax Tools -> Tools -> Delete Forms. But the forms are still there and the amount for Sale of Business Property is still not 0.
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1 Reply

Can I delete a Sale of Business Property I already accounted for in Rental Properties and Royalties (Sch E)?

if you sold it in 2020 and filing for 2020 you can not delete it in 2020. otherwise, all the info needed will be gone - needed to compute gain/loss on sale. should be gone when you do 2021

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