How do I ADD Form 4797 to my Business (LLC) return?

[blalockr1]

I am using TT BUSINESS, not Home&Bus, not Premier, I am using TT BUSINESS (have been for YEARS).  I downloaded it and it is resident on my desktop.  I am not on a mobile device, I am on a desktop PC using TT BUSINESS.  

I have an LLC and need to add Form 4797 to my return so I can manually input some FX trades in section II of that 4797 form. I've done this in previous years but did not do it on my 2021 BUSINESS return. 

Your 'help' screens mention a "JUMP' button - nope, not available.

Tell me how i Add/Attach/Find / Whatever to be able to pull up a Form 4797 so i can manually add data in Section II of that form.

[PatriciaV · Accepted solution]

While we recommend using the interview screens in TurboTax for accuracy and completeness of your entries, you may access forms directly when using TurboTax for desktop using Forms Mode:

1. Open your return and click on Forms at the right side of the TurboTax header.
2. Scroll through the list of forms on the left to be sure Form 4797 has not already been added to your return.
   If not, or if you need another copy, click the "Open Form" icon at the top of the forms list.
3. Type in "4797" in the search box then highlight the line and description that applies to your situation.
4. Click Open Form to open it in the large window.
5. You may enter information into any yellow box as long as the font stays blue. 
6. If any box/font turns red, click the Errors icon above the list of forms to open a popup below the form that displays any errors on the form.
7. Note that values in green were imported from your prior year return. Values in black are calculated or linked to another form and cannot be changed.
8. If you override any calculated/linked values, or continue with form errors, the return cannot be e-filed and the TurboTax Guarantee no longer applies.
9. You may Print, Delete, or Close a form using the buttons at the bottom of the form.
10. When you are finished, click Step-by-Step in the header to return to the main screens.
11. Save your return before you exit the program.

See also:

• How do I switch to Forms Mode in the TurboTax for Windows software?
• What's the meaning of all the different colors in Forms Mode?

[blalockr1]

Perfect!  Absolutely clear and on the money!  If you are the CPA that worked with me yesterday (Saturday evening), this written response is a clear repeat of what you led me through on the phone -- that was clear and on target, this also is very clear and on target.

TY, TY, TY.  Youall are great! 

Here's to great memories of TT on 5 1/4" floppies -- good memories there!

Robert

[Tapjoshi]

Thanks Patricia.

My LLC partnership has emailed me a PDF version of the K-1 and Form 4797 ( we sold the rental property last year ie 2022). Is there any way for me to import both into my TT premier software?

Thanks

Tapjoshi

[PatriciaV]

Schedule K-1 can be imported into TurboTax if you can obtain .TXF format. There is no option to import a PDF file into TurboTax for Schedule K-1 or Form 4797. This information will need to be entered manually.

Additional info:

• Where do I enter a K-1 that I received?
• How to enter Sale of Business Property (Form 4797)?

[John7100]

I have opened the 4797 Page 1 and tried to type in Part II Line 10a... for stock trading business.

However, the blue box does not accept typed entries . 

I hit save. 

Still, the 4797 does NOT show as a Form in My Return and the blue boxes do not accept typing.

I wouldn't mind getting the 4797 from the Schedule C but didn't see any prompt for that.

Also, when I get the form to work, I will need to know where to enter the amount from Part II line 18  "on the appropriate line of your return" (no line given) so it would be nice to know which exactly where line 18 gets forwarded to.

Note that I have two Schedule C's and the 4797 applies to only 1.

Thank you.