How Delete Sale of Business Property

[BAeckroth]

Nothing works I have downloaded the desk top version same issue this is ruining my return, and will cost me another 490 hours of input, why has this taken so long to resolve, over a year and still it is happening?

[BAeckroth]

They do not delete on the online or on the desktop version 4797 will not delete. 

[Hoop]

It is 2021 and same issue. Anyone know how to delete this entry!!!!!!

[Hoop]

FYI,

https://ttlc.intuit.com/community/accessing/help/how-do-i-edit-or-delete-sale-of-business-property-f...

Does not remove the property.

[Irene2805]

In order to delete Form 4797, you first have to remove the "trigger" for the form

To do this, review your assets for the business and remove any information about the sale:

1. Click Income and Expenses and then click the Start/Revisit box in the Self-Employment section.
2. On the Your 2020 self-employed work summary screen, click Edit next to your business. 
3. You will be on the  Here's your [business] info screen.
4. Click the Edit box next to Assets.
5. On the screen, Do you want to go directly to your asset summary mark the Yes radio button and click Continue.
6. If you know which asset may have been marked as sold, go to that asset.  Otherwise open each asset.
7. Open each asset, and on the screen, Did You Stop Using This Asset in 2020?  Click the No box 
8. Continue through the screens until you come back to the asset summary.
9. Continue with all your assets.

This should removed Form 4797 from your return automatically.  To check, or if you still need to delete he form, please follow these steps:

TurboTax Online

1. While in your return, click on Tax Tools > Tools (in the black bar at the side of your screen). 
2. Under "Other helpful links" click on Delete a form. Click Delete next to the appropriate form or schedule and follow the onscreen instructions. Once you have finished deleting the desired form(s) click the Continue with My Return box (in the lower right of your screen).

TurboTax CD/Dowload

1. Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.  In the Forms in My Return list on the left, click on the form you wish to open and delete.  Click on the Delete Form box at the bottom of the screen.
2. To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.

@Hoop

[Hoop]

@Irene2805 

First, thank you for replying.  I am not self employed but I did try the following. 

Note: When I first bought property gp I did live in 1/4 of it for  year  (it is a quadplex).  After I moved out I converted it all  to rental property.  I believe that it thinks that I sold that one 1/4 of the property.  The prompts are confusing but everything I tried is below.

Option 1:
Goto sale of business property and click edit.
Any other property sales-> none of the above.
Takes me back to main "your income" screen.

Option 2:
Goto sale of business property and click edit
Any other property sales-> sale of business property not already entered
Sale of business or rental property do all of the following apply owned more than a year... ->click yes
Sales of business or rental property
input description date acquired, date sold, total sales price
(arghh)

Option 3:
Rental and royalties summary
select property that it thinks I sold named GP
Rental Property Information
icon sold rental property (start)
2500 screen no
improvements no
Note: Earlier you told us that you sold (disposed of) your Spring valley house. Be sure to enter your sales information in this section so we can calculate your capital gain or loss.
Asset name is "residential" (unsure if that matters).
My note: How do I change this idea that it has that I sold it??

if I goto edit on this property
Review information business usage, land value, cost, date purchase -> continue
Did you stop using this asset select yes if sold I choose NO.
Special handling request (no)

Home Sale
GP: Residential
Was this asset included in the sale of your main home?
(strange question)
I hit no.
It asks for the asset sales price, asset sales expenses, land sales price, land sale expense
arghh...

I hit yes.
Was the rental portioni different from home you lived in (y or n)
tell us who owned the home you sold (argh)
Enter sales information. (arghhh)

Any help would be appreciated.

[Hoop]

TT help just suggested that I delete all of my return and start from scratch.  🙂 

[PSULion]

None of the proposed solutions work for me. The form will not delete. I had to recreate the entire tax return (luckily it pulled in the 2019 information so it wasn't horrible). This is a MAJOR flaw that needs fixed ASAP.

[PSULion]

I had to reinput everything, I feel your pain.

[NoClue143]

Guys, use the help feature in the web app and type "Delete 4797 form" . Here are the instructions that helped me when all previous suggestions in this thread failed.

How do I edit or delete sale of business property (Form 4797)?

by TurboTax 214 Updated Mar 16, 2021

1. Open or continue your return, search for sale of business property (use this exact phrase; copy/paste if necessary) and then select the Jump to link at the top of your search results.
2. On the Any Other Property Sales? screen, make sure the first checkbox is checked and Continue to the next screen.
3. The next screen, Sale of Business or Rental Property, should display Edit and Delete buttons next to the property in question.
4. Select the appropriate button and follow the onscreen instructions to either edit or delete the 4797.

[melaussie]

This still doesn't work.  I accidentally entered a sale in this section that belonged in a different section (Stocks/Mutual Funds/Bonds/Other.) I moved all of the info over and then deleted the initial entry from the sale of business /rental property section. Regardless, it won't go away so now TT is adding double the sale amount to my income. I still can't figure out how to delete the form that should be blank/gone.

[ac8005]

DOES NOT WORK !!!

[davis_tanisha]

go to the side bar and click on state 

once you do that for California click edit then delete it once

you delete it start a new one for california and only answer the questions that apply to you once you do that continue on and it should be good to go this worked for me after trying for a few days to delete the form and it didn’t work that way but i hope this helps 

[davis_tanisha]

go to the side bar and click on state 

once you do that for California click edit then delete it onceyou delete it start a new one for california and only answer the questions that apply to you once you do that continue on and it should be good to go this worked for me after trying for a few days to delete the form and it didn’t work that way but i hope this helps 

[searayday32]

same here, tax experts are a joke