You'll need to sign in or create an account to connect with an expert.
It depends on what Type of property it is and whether it was a gain or loss. The Type is determined by how you entered it on the Asset Entry Wks.
See the chart of where to report the sale of business property on page 1 of the Form 4797 instructions:
https://www.irs.gov/pub/irs-pdf/i4797.pdf
It depends on what Type of property it is and whether it was a gain or loss. The Type is determined by how you entered it on the Asset Entry Wks.
See the chart of where to report the sale of business property on page 1 of the Form 4797 instructions:
https://www.irs.gov/pub/irs-pdf/i4797.pdf
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Irasaco
Level 2
green2ski
Level 2
wufibugs
New Member
theresa-chiang
New Member
stacylgr
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.