Sale of Business Property Will Not Go Away

[jsobrinski]

I've tried everyone of the suggestions on previous posts. Everytime I go back to Income and Expenses its listing the sale of Business Property and income of $30,350.

Under Rental and Royalties I have a rental that I did sell. All the information looks correct there. Sold for $400k, Cost Basis of $361k, Selling Costs of $20,620.  I can't even come up with creative math to figure out the $30,350 it keeps showing for Sale of Business Property. I haven't sold any cars, etc. 

I'd prefer not to delete everything and start over, I have 2+ hours invested already. I'm using the online version, not the desktop version. There is no where like other posts mention to delete the form or see an asset worksheet.

If I click Sale of Business Property, then check off the first box Sales of Business or Rental property that you haven't already reported...it shows the error others reference of "Copy 1". I delete it, go thru the motions.  And the $30,350 is still sitting there in the end!?

[tagteam]

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@jsobrinski wrote:

....I can't even come up with creative math to figure out the $30,350 it keeps showing for Sale of Business Property....

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Can you view Form 4797? The discrepancy you are referring to could be a result of depreciation reducing your basis.

[jsobrinski]

You're right thank you! I tried deleting the entire rental property and redoing it all. The depreciation and gain are causing the number. Thanks!