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posted Jul 11, 2020 5:29:46 PM

Correcting Sale of Business Property form?

Made a mistake when i saw the 1040 so i went back to the Edit function next to sale of business Property, but there is no data that i had filled in. how do i edit this form?

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1 Replies
Employee Tax Expert
Jul 13, 2020 4:43:27 PM

It depends.

 

If your sale was from a business property asset, you would go back to the federal interview section and make your changes in the Self-Employment section under the assets.

 

If your sale was from a rental property, you would go back to the federal interview section and make your changed in the Rental properties section under the assets.