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jackgilcrest
New Member

Can TurboTax Self-Employed 2021 handle factoring abandonment loss into ordinary business income? Can I specify this on form 8949?

This case meets the three prong test! Looking to know whether or not turbotax can the deduction, not whether I can take the deduction!
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tagteam
Level 15

Can TurboTax Self-Employed 2021 handle factoring abandonment loss into ordinary business income? Can I specify this on form 8949?

The disposition of property used in a trade or business is typically entered on Form 4797.

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tagteam
Level 15

Can TurboTax Self-Employed 2021 handle factoring abandonment loss into ordinary business income? Can I specify this on form 8949?

The disposition of property used in a trade or business is typically entered on Form 4797.

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