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How do I completely remove/delete an incorrectly entered "Sale of Business Property"?

I followed instructions and deleted the entry I accidentally put in as a "Sale of Business Property" (my property qualifies as my primary residence) but it's still showing up under income, does anyone know how to completely remove it?  Thank you in advance!
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3 Replies
Cynthiad66
Expert Alumni

How do I completely remove/delete an incorrectly entered "Sale of Business Property"?

Please try the following steps.  It worked for me as I tried it using TurboTax Online.  Sale of your primary residence is reported as less common income.

 

Use these steps:

  • Log into your TurboTax Account
  • Select Income and Wages
  • Select Review/Edit
  • Go to the Federal tab in the left menu bar
  • Select Income and Wages
  • Scroll down to where you see the Sale of Business 
  • Click Edit
  • Uncheck the selection on the very first screen
  • This removes it from the list

 

I walked through this process using TurboTax Online.  It would not remove from the Income Summary unless you uncheck the box on the very first screen, after selecting edit.

 

Even if it does not remove it from the screen, if the amount showing is zero, it should not affect your filing,

 

You generally need to report the sale of your home on your tax return if you received a Form 1099-S or if you do not meet the requirements for excluding the gain on the sale of your home.

 

Use this link for details about reporting the sale of your home:  Selling A Home

 

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How do I completely remove/delete an incorrectly entered "Sale of Business Property"?

I have the same situation but am using Turbotax Premier (downloaded). The equivalent steps did not work. I selected 'Update' for 'Sale of a business', then selected the 'None of the above' checkbox (and unchecked everything else). I still see a $ amount near that line and get a Form 4797 that I cannot delete. Any advice?

How do I completely remove/delete an incorrectly entered "Sale of Business Property"?

When using the downloaded program simply switch to the FORMS mode to delete any form you need to remove.  Be aware that you may need to remove the worksheet for   the form to remove the form.  

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