• Submit a question
or and start working on your taxes
United States (English) EN
United States (English) EN
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
##### Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for
Did you mean:
New Member

# How is line 2f in form 4797 calculated? This is for the sale of a rental property.

Accepted Solutions
Level 15

## How is line 2f in form 4797 calculated? This is for the sale of a rental property.

Line 2f = Cost or other basis, plus improvements and expense of sale.

Purchase price

+ Purchase costs (title & escrow fees, real estate agent commissions, etc.)

+ Improvements (replacing the roof, new furnace, etc.)

+ Selling costs (title & escrow fees, real estate agent commissions, etc.)

5 Replies
Level 15

## How is line 2f in form 4797 calculated? This is for the sale of a rental property.

Line 2f = Cost or other basis, plus improvements and expense of sale.

Purchase price

+ Purchase costs (title & escrow fees, real estate agent commissions, etc.)

+ Improvements (replacing the roof, new furnace, etc.)

+ Selling costs (title & escrow fees, real estate agent commissions, etc.)

New Member

## How is line 2f in form 4797 calculated? This is for the sale of a rental property.

Thanks very much, SweetieJean!  Got it now.
New Member

## How is line 2f in form 4797 calculated? This is for the sale of a rental property.

This calculation is way higher than I would have expected.  My original purchase value is \$116,000 from 2009.  My property sale price was \$140,000 on 11/6/2017 with \$3638 depreciation.  Yet the calculation shows a \$21,906 loss.  On form 4797, it shows in line 2f a cost or other basis of \$176,183 for structure and \$19,938 for land.  I have no idea where these numbers are coming from.  What is this calculation being based on?  What do I need to edit to represent the actual numbers?  Thanks.

Level 15

## How is line 2f in form 4797 calculated? This is for the sale of a rental property.

What are you carry over losses?Remember, your carry over losses are realized (actually deductible) in the year of sale.

New Member

## How is line 2f in form 4797 calculated? This is for the sale of a rental property.

I don't have carry over losses - or none that I entered into the software.  Where would this be calculated?

Thanks!

## Found what you need?

Start my taxes

(4.6/5 | 291,310 reviews)

view all

## Still have questions?

Make a post

Or browse the Forums