Think I found a calculation error in Form 4797

[Bruce G]

I'm trying to finish up my Rental Property sale in TT for Business and in the summary of Part III Gains on form 4797 sale of business property. On line 30 I have a total gain of $335,646. Line 31 is $0. Line 32 is also $0. The form states on line 32; subtract 31 from 30, so I would think that it should be $335,646. but as I said it shows $0 for the amount.  Any pros want to verify that I'm right or if not, why. TIA Bruce.

[DaveF1006]

Yes, I believe it should but before we proceed further with this. Look at your Schedule 1 Line 4 to see if that number is reflected.

[Bruce G]

Also noticed that Net gain (loss) from Form 4797, line 17 also doesn't populate to the 1120s line 4 as well. I've tried to contact TT but all I'm getting is the run around.

[jsc11]

I have the same problem. Turbo Tax just calculated the gain incorrectly.  Likewise the "experts" at Tubo Tax are worthless.