Sale of Business Property was added to my return and I dont know why its there. I cant delete it. the instructions provided do not help.

The shortcut method of removing a business sale from your return would be to delete form 4797 as follows:

 

Follow these instructions:

 

1. Choose the Tax Tools option on your left menu bar while working on your return

2. Choose Tools

3. Choose the Delete a form option under Other Helpful links 

4. Find the Form 4797 in the list of forms and delete it

 

The other option would be to work through the section where the business sale would have been entered, in the business section on the screen that says Let's gather your business info where you will find the Sale of Business Property option under Less Common Business Situations:

 

Work through that section and remove the sale of property entered there.

 

These instructions do not work. I manually delete the form and it doesn't go away. There must be a systemic issue here, as I never added this to my return in the first place and it doesn't allow it to be removed. To be clear, I followed the instructions to manually delete the form, and I followed the instructions to delete thriugh the wizard. Neither work.

Since you can' t delete the Form 4797, that means there is something being carried over from somewhere else onto that form. That could be an entry from a Schedule K-1 or 1099 form or a carryover from a previous year. Such a form or schedule would be listed in your program when you do the delete form exercise. I suggest you do that again and see what other forms and schedules are in your program and investigate the ones that may report the sale of a business asset or real estate.

I am having the same issue being unable to delete the Sale of a Business Property using either route, but I also don't know how to tell which worksheets or forms are connected to form 4797. How do I know so I can remove those forms or redo them so are accurate and I can file these **bleep** returns.  

Yes, 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.

Tried all methods, get the "successfully delete form" screen. but "sale of business property" remains on wage and income listing.

• deleted form from tax tools menus
• deleted form from "Any Other Property Sales?" edit/delete screens

 

any other recommendations?

Can I just add a negating line item?

 

Since turbtax is forcing a -5000 loss on a sale, can I create a sale of +5000 to show zero on the sale of a business property?

 

 

Found my issue, looks like for me i have a casualty loss due to a federal declared disaster, hurrican beryl....

 

This casualty loss on my rental is showing up as a "sale of business property" loss.

 

Dont know if this is correct way for Turbo tax to list my casualty loss.

 

good luck all.

thanks.