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

[jackgilcrest]

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

[tagteam · Accepted solution]

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