2659675
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.
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Try this first.
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.
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?
Line 1a is not necessary and will not effect the rest of the return. If you want to manually fill it in you can.
@RobertB4444 Are you sure this won't be a problem? I am seeing the same issue. Everything is listed fine but the program left 1a blank but I definitely got a 1099-S. I already submitted my taxes for this year (2022) and the 4797 is showing up on my IRS transcript showing $0.00 for 1099-S and 1099-B for form 4797. Hoping I don't get tagged for under reporting.
It filled in very nicely for me. See here
Try entering the sale as follows.
In the search bar located in the upper right hand corner, type in sale of property(lower case)
then Jump to sale of property
hit enter, enter until you get to this screen, this is where you will enter the amount you got from the 1099S, see here
I hope this will work for you.
@AbrahamT Thank you for the reply! The problem is I've already submitted my taxes. Is it true what Robert said above that 1a is not necessary?
This is definitely a bug as reported here:
I was never asked during the reporting the sale of my rental if I received a 1099-S.
I followed your instruction and I found the screen that you posted however the instructions are not as easy as you make them out to be. I have to click the box on Sales of business property or rental property that you haven't already reported (even though I already reported it) ------> Do ALL of the following apply? (even though they do I have to click no) -----------> Do any of the following descriptions apply? (click No) THEN you finally get to the screen that you posted.
It is great that you found a work around but no one is going to know to look for this.
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