Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Apr 22, 2021 6:14:01 AM

Cannot delete sale of business property...

I incorrectly entered the sale of my home as business property... now I cannot delete it. Every time I try to go in and edit it the screen just goes back to my income summary page... I have tried deleting the forms among many other things that have been recommended in these threads, but still no luck. How do I fix this??

2 11 2666
11 Replies
Expert Alumni
Apr 22, 2021 6:24:49 AM

How to edit or delete sale of business property (Form 4797)?

 

  1. Open or continue your return, search for sale of business property (use this exact phrase; copy/paste if necessary) and then select the Jump to link at the top of your search results.
  2. On the Any Other Property Sales? screen, make sure the first checkbox is checked and Continue to the next screen.
  3. The next screen, Sale of Business or Rental Property, should display Edit and Delete buttons next to the property in question.
  4. Select the appropriate button and follow the onscreen instructions to either edit or delete the 4797.

Related Information:

Level 1
Apr 22, 2021 7:28:16 AM

Thank you- I have done this, but the only option in that list of properties is called 'Copy 1' and is just blank when I go in to edit it. If I delete it, nothing changes and the income from the gain still remains on the summary of my return... It really appears to be a glitch as far as I can tell because none of the suggestions I am able to find online seem to lead to any solutions here... 

Expert Alumni
Apr 24, 2021 2:30:41 PM

You may be forced to clear your return.

 

As long as you haven't submitted payment, deducted the TurboTax fee from your refund, or registered, you can erase your return and start from scratch in TurboTax Online.

  1. Sign in and select a topic to continue your return.
  2. On the next screen, from the left-side menu, select Tax Tools, and then Clear & Start Over (select the menu icon in the upper-left corner if you don't see this menu).
  1. Answer Yes in the pop-up to confirm.

 

Returning Member
Feb 11, 2022 5:08:03 PM

I have the same issue as the other user, I cannot delete the Sale of Business Property form or the section, even using the customary instructions given.  Also, UNFORTUNATELY, I cannot clear and start over since I already when through the 'payment' process - my turbotax is free.  So, I WANT to start over, but cannot, and I can't seem to delete the form.  Any pro tips?

New Member
Feb 13, 2022 12:33:39 PM

doesnt work..you have 1 job 

Level 1
Mar 1, 2022 9:26:09 AM

You will need to delete the rental of the business property first before you can delete the sale of it. Once you delete the rental aspect, it will automatically delete the sale of it. 

New Member
Mar 21, 2022 12:57:04 PM

Excellent! I tried for weeks to figure this out. Worked immediately! THANK YOU!!!!

Level 2
Mar 25, 2022 1:55:21 PM

Go to the asset worksheet and delete the date of sale. I had the same problem and was looking at several replies and found this answer in an old reply and it worked for me!

Returning Member
Apr 11, 2022 2:38:18 PM

I went into the rental income section and deleted the part where I indicated that I sold the home. And that worked. I'm still struggling with the military extension of the capital gains tax though. Ugh.

Intuit Alumni
Apr 14, 2022 2:09:44 PM

If you are still having trouble, it would be best to follow the instructions here to contact us by phone so we can better assist you. @jdp2102

New Member
Apr 26, 2022 2:57:00 PM

Thank you so much, deleted the date and sale and that fixed my problem.  Thank again for sharing!!