You'll need to sign in or create an account to connect with an expert.
if they are fully amortized just delete them since you cannot sell loan costs. if not, you are entitled to a write-off any unamortized balance. if Turbotax still insists on a sales price enter 0. with the item fully written off there is no gain or loss to report but Turbotax may show a zero gain on the 4797.
Helpful but they are not fully amortized. How/where do I write off the balance?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Farmgirl123
Level 3
todd1961
New Member
Irasaco
Level 2
lauracordero1000
New Member
dmblue_tax
Level 1
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.