Form 4797 Part II Line 10 Only

[SPWATX]

Have abandoned Partnership Loss. How do I NOT have to override to complete Line 10?  First attempt and ? Cannot E-file ??

[PatriciaV]

If you need to revise the information for the abandoned partnership, go to the K1P Addl Info 2 worksheet (Schedule K-1 Partnership Additional Information). Part II Disposition of Partnership Interest has entry fields that can be edited in Forms Mode. Fields in yellow with a blue or green font can be changed.

Note that overriding any calculated or linked value in a form or worksheet in TurboTax invalidates your return for e-filing. Return to the form with the override, right click, and choose "Cancel Override."

Additional Information:

• How do I manually fill out my tax forms in TurboTax Desktop? 
• What's the meaning of all the different colors in Forms Mode?

[SPWATX]

Thanks I guess I will try this but there is no K-1.  Has not been one provided for Two years.  Hence I followed the abandonment procedure as recognized by IRS … there is no sale.   So no K-1 … and have been told by multiple people to report Ordinary Loss on Lube 10 Part II only .   If the above gets it to Line 10 only …then I thank you.  If not then I still need an answer.

[PatriciaV]

Even though you didn't receive Schedule K-1, the entry in TurboTax is made on the K-1 worksheet as previously described. This entry will report the abandoned partnership interest to the IRS with an ordinary loss on Form 4797 Line 10.