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hofnera8
New Member

how to delete the sale of business property value

I have a value of 6000 there but I need to delete it as it is a mistake.
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5 Replies
DawnC
Expert Alumni

how to delete the sale of business property value

To edit or delete the sale of a business property you've already entered:

 

  1. Open or continue your return.
  2. Navigate to the sale of business property section:
    • TurboTax Online/Mobile: Go to sale of business property.
    • TurboTax Desktop: Search for sale of business property (use this exact phrase—copy/paste if necessary) and then select the Jump to link.
  3. On the Any Other Property Sales? screen, make sure the first checkbox is selected and choose Continue.
  4. The next screen, Sales of Business or Rental Property, should display Edit and Delete buttons next to all the properties you've already entered.
  5. Select the appropriate button and follow the onscreen instructions to either edit or delete the info on Form 4797.

These instructions are from this TurboTax FAQ.

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Naresh71
New Member

how to delete the sale of business property value

does not work.

no Edit button or start over.

How to remove entry?

KrisD15
Expert Alumni

how to delete the sale of business property value

Which TurboTax version are you using (Home & Business, Premier) 

and is it Online or Desktop. 

 

If the one business item is all you sold, you can delete Form 4797

 

You should also be able to get to the list by selecting the Business tab (for Desktop)

Scroll down to "Sale of Business Property"

UPDATE

Continue to list, select EDIT for  "Copy 1" if listed

Select DELETE for the item sold on this list 

 

 

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how to delete the sale of business property value

How  do i delete entered in mistake

 

LindaS5247
Expert Alumni

how to delete the sale of business property value

You can remove a "Sale of Business Property" that you added in error. You can delete your entries for sale of business property by going back to that section in TurboTax. You can review your screens and delete any entries.

 

You can delete your entries for a sale of business property as follows:

  1. Click on the search icon in the upper right of your TurboTax screen
  2. Type "sale of business property" in the search box
  3. Click on the link "Jump to sale of business property"
  4. Follow through your screens and delete any entries you made.

If a Form 4797, "Sales of Business Property" was created and remains in your return, you can delete that Form using the following instructions.

If you are using TurboTax Desktop:

  1. Click on "Forms" in the upper right corner of your TurboTax screen to switch to Forms Mode
  2. In your left panel under "Forms in My Return"
  3. Scroll down to "Form 4797 Sales of Business Property"
  4. Click on the form and it displays in your right panel
  5. In the bottom left of the form in your right panel click on "Delete Form"

If you are using TurboTax Online:

  1. Choose Tax Tools option on the left menu bar in the federal section of TurboTax
  2. Choose Tools
  3. Under Other Helpful Links choose Delete a form
  4. Find the Form 4797 Sales of Business Property and click on the option to delete it

 

Your screens will look something like this:

 

Type "sale of business property" in your search bar:

 

 

When you switch to Forms Mode in TurboTax Desktop, your screen will look something like this to delete Form 4797:

 

 

When you delete a form in TurboTax Online go to "Tax Tools" then "Tools" and select "Delete a Form" then find your Form 4797 in the list and click on "Delete"

 

 

 

Click here for "How do I edit or delete the sale of a business property I've already entered (Form 4797)?"

 

If you have additional information or questions regarding this, please return to Community and we would be glad to help.

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