topic Sale of Business Property Will Not Go Away in Deductions & credits

Sale of Business Property Will Not Go Away

jsobrinski — Tue, 10 Feb 2026 09:46:22 GMT

I've tried everyone of the suggestions on previous posts. Everytime I go back to Income and Expenses its listing the sale of Business Property and income of $30,350.

Under Rental and Royalties I have a rental that I did sell. All the information looks correct there. Sold for $400k, Cost Basis of $361k, Selling Costs of $20,620. I can't even come up with creative math to figure out the $30,350 it keeps showing for Sale of Business Property. I haven't sold any cars, etc.

I'd prefer not to delete everything and start over, I have 2+ hours invested already. I'm using the online version, not the desktop version. There is no where like other posts mention to delete the form or see an asset worksheet.

If I click Sale of Business Property, then check off the first box Sales of Business or Rental property that you haven't already reported...it shows the error others reference of "Copy 1". I delete it, go thru the motions. And the $30,350 is still sitting there in the end!?

Re: Sale of Business Property Will Not Go Away

Anonymous_ — Sun, 21 Jan 2024 16:13:11 GMT

@jsobrinski wrote:
....I can't even come up with creative math to figure out the $30,350 it keeps showing for Sale of Business Property....

Can you view Form 4797? The discrepancy you are referring to could be a result of depreciation reducing your basis.

Re: Sale of Business Property Will Not Go Away

jsobrinski — Sun, 21 Jan 2024 16:31:23 GMT

You're right thank you! I tried deleting the entire rental property and redoing it all. The depreciation and gain are causing the number. Thanks!