Form 4797 1a

Forum|Forum|4 years ago
April 6, 2022
1 reply
12 views

I sold a rental.

Form 4797 1a is blank. Should I go into forms and manually enter the amount there (as written on1099s)?

Part I,II,III are all filled out correctly.

Cynthiad66

Level 14

Try this first.

With your return open in TurboTax, search for rentals and then select the Jump to link in the search result.
Answer Yes to the question Did you have any income from rentals or royalties?
When you get to What are you here to report? select Rental property and fill out the description, address, and owner.
When you hit Tell us about your situation this year check the Sold box along with any other boxes that may apply.
Continue following the onscreen prompts to enter info about your rental property. Eventually, you'll get to the Review your rental property info screen. You can report the sale in the Expenses/Assets (Depreciation) section, along with any other pertinent info (like income and expenses)

Tip: Take your time and pay close attention. There's a lot of info and it's easy to miss if you're in a hurry.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Parkerspa1000Author

Level 2

I've reported everything and the numbers all line up in parts I,II, III. Its just that line 1a is blank. Adding it manually via forms doesn't change anything and my refund is the same since everything is showing up accurately elsewhere.

Do you think that I may have missed a question?