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Returning Member
posted Jun 4, 2019 2:50:29 PM

How can I go back into the calc of Line 21 Form 4797? I must have entered something incorrectly and I can't override Line 21. I need adjust the cost of the property.

I don't know how Line 21 was arrived at.  How can I go back and enter the appropriate answer??  

0 3 575
3 Replies
Level 3
Jun 4, 2019 2:50:31 PM

Depending upon how you input it, it'll show up as Sale of Business Property.  To get there:

1.  Click Federal Taxes across the top.

2.  Click Wages & Income across the top.

3.  Click I’ll choose what I work on.

4.  Scroll down to Business Items.

5.  Click Start or Update by Sale of Business Property.

You can look at/change your cost on the screen below.

Returning Member
Jun 4, 2019 2:50:32 PM

I went back to review that and it didn't help to revise the Line 21, the cost of the property.  Please advise.

Level 3
Jun 4, 2019 2:50:34 PM

you can change the data that shows on line 21 by changing the number in the above field.