form 4797 from K-1

[confused123]

Where do i enter info in K-1 portion of TT to generate form 4797?

[ThomasM125]

Form 4797 is used to report the sale of business assets. Normally, it is generated while working in the self-employed business section of TurboTax, to report the sale of an asset used in a business.

If there were sales of business assets reported on your K-1 schedule for a partnership, you would have an entry in box 10. You just need to indicate that you have an entry in box 10 on your K-1 entry in TurboTax and answer the question in the program to have it reported properly on your tax return.