@VolvoGirl @tagteam @Carl    OMG, I want to kneel down and cry.  It worked!   I followed the steps defined by VolvoGirl.  it allowed me to locate fields (the name of the title company, their address, etc.) and all of a sudden ALL ERRORS ARE GONE.  I just managed to e-file, despite having printed the forms and being ready to make the trek to the post office.   YAY - FRIDAY HERO WORSHIP TO ALL THAT HELPED HERE. ... View more

@tagteam    Spoke with support, then the gal brought in a CPA.  In the end, we got past the Land Sales Price by specifying $1.  Regardless, we then hit a problem on the form 540, and decided it would be best to file by mail as he speculates that the form 593 (real estate withholding tax statement) needs to be mailed along with it.   So I don't remember a time that I mailed my return, and as such, have been researching the question of double-sided printing.   Is it allowable to print the return in 2-sided mode?  What I am reading in the forum is that you can't print the entire return - only individual forms - in such a manner.  That Schedule A and Schedule C (for example) cannot be on alternate sides of the paper.   Do I bite the bullet and print 1-sided?  Or is 2-sided ok? ... View more

@Carl @tagteam    I just want to scream.  I can't file the State return - it is not allowing me to do so.   Federal went fine, but because the land sales price is empty, it's stuck.  Do I print it, file it that way, and hope for the best? ... View more

@tagteam  ok, so here is where the meeting led me to.   I currently have my return configured as follows: I input the full sales price and sales costs on the  "sales information" page, omitting a value for  the "land sales price".  As discussed, the program then complains (on the Asset Entry Worksheet) about the absence of that (land) value on the Federal return.    But I did provide the entire sale price and the sales costs, so the rest of the calculation seems logical and makes sense.  This is the approach that has led to the gain to appear on lines 6/7 of Part I, and remaining figures are confined to Part III.  Pretty sure this is what my CPA was leading me towards. She pointed out that despite that (warning) error, I can still navigate through the process of completing and filing the return.  Or so it appears...  She feels it is a very small issue, unlikely to draw an audit.     She is proposing that I simply submit this return, disregarding the warning, and move on.   Thoughts? ... View more

@tagteam    I live in a rural area of Northern California.  There turns out to be a gal who knows TurboTax and is willing to do house calls.  She's offered to come see me this afternoon.  Fingers crossed... ... View more

@Carl @tagteam    I have attempted both strategies you proposed.   Where we left off is that when I included the land component into the initial acquisition, I show the gain as $44,878.  But because I did not list a value for "Land Sales Price", the program complains about the absence of that value on the Federal return.   Editing the property, and excluding the land cost component from the initial acquisition, I show the gain as $45,117 – but with the errors listed below needing to be addressed.  These issues appear on the "California Asset Entry Worksheet". Line 17 - Enter the IRC section under which you amortize the cost of intangibles (asset type L) Line 23 - Land sales price is zero. I then tried a third strategy based on Carl's comments.   On the sales information screen, I changed these values: Asset Sales Price - 99,295 Asset Sales Expenses- 5,562 Land Sales Price - 10,705 ($1 profit over original cost.) The outcome is that I now see "townhouse land" listed in Part I, and the rest of the figures in Part III, which is what the CPA wanted to avoid. After all of that, I presented all 3 results to my CPA and he told me to reach out to TurboTax support, and offered me best of luck - can't help any further.  Is there a way that I can get direct support (paid or otherwise) where someone looks over my shoulder and we get this over with?  I'm running out of time, relative to Oct 15. ... View more

@tagteam ok, will do.  That was my remaining question in that response, at least at that point.     Unfortunately, as I ran the final review and "check for errors", the program is now bitching that the land sales price is empty.  Emptying that field, as I mentioned, resolved the issue on the 4797.  I don't understand why it requires a land value when the sale of the rental property did not designate a breakdown between land and structural improvements. ... View more

@tagteam @Carl    ok, that was an interesting exercise.  I'm a computer programmer, and I've been doing that work since the early 70's.  What I found to have caused the problem is bizarre.  Is it a bug, a design flaw, or is there good reason for it?  I'm not sure. With a lot going on at the moment, I failed to note while preparing earlier posts in this thread, that there were indeed figures in Part III, as well as Part I which was the problem.  I did follow your suggestion to create a new return, focusing on the property which is the subject of this thread. The issue that I found is that when the "Land Sales Price" in the 2nd screen capture below was 0, that caused the program to treat the land aspect of the property as having been sold at a loss.  And back when I had (mistakenly?) first placed the land value into that column, then replaced it with zero, that triggered the land entry into Part I of the 4797.  When I cleared the field entirely, eliminating that 0 and leaving simply a blank input field, Part I (of the 4797) goes blank and Part III is completed accurately.  I am ever so happy to have this behind me.    I do have a question, however.  In the 1st screen capture below, there is a "Description" title.  I have "residential" in there.  And that results in that word:  Being concatenated to the end of the property name in a variety of screens Appearing exclusively in column 19A of Part III of the 4797. What would one typically place in that field?  I just tried emptying that field, and that resulted in 2 outcomes. As I advance through subsequent screens, where "residential" formerly appeared as "123 property address: residential", that title now appears as "123 property address: this asset".  Also, and this is mind-boggling, the simple absence of that description has resulted in the program generating a Federal refund that was not present previously.  It also throws an error, reporting that the description field is a required entry, so that would presumably not survive a well-reviewed completion of the tax return.  Just odd that this was a side-effect. In the screen captures below, the redacted section is the street address.  When "residential" appears, what might typically be the description one would choose to place there?       ... View more

Ok  @tagteam @Carl, I have further reviewed this property’s setup in TT, and can now make a clarification.  I misread screens and numbers, and made poor assumptions as to what happened.  That was back in April when I was ill, freaked out over this mess and ended up filing an extension.  Your remarks led me to dig into this more closely and better understand what I’m dealing with.  Here are the entries from when I established the property in 2011.   1 - Original purchase price (including land) is correct @ $54,900. 2 - Next screen is escrow fees - I listed the title and other closing costs $456 3 - Seller-paid points – none 4 - Improvements - $22,248 5 - Other payments – none 6 - Other adjustments- none 7 - Enter Property Tax Values. This is where I got confused. Land value is 10,075, and Improvement value is 62,970. Both are from the tax bill.   Back in April, when I was meeting with my CPA to review my 2018 T/R, he asked me to “bring the land into the original basis of this property so that there is only one line”.  As I attempted to follow through on that request, I looked at the purchase price, and the land cost + improved value from the tax statement, and made a poor assumption as to what had occurred.  But obviously the math does not work, and my failure to read that screen carefully set me up to an incorrect assumption.  So my description of the problem in the OP is out the window. Disregard that assertion please.   But there is still this problem, and I’m not sure what to do.  As I stated above, the CPA asked me to “bring the land into the original basis of property-x and adjust it so that there is only one line”.  I think his point was that he wanted the land and improvements to represent a single line on the 4797.   When I look at the 4797, line 2 contains the following: 2a: “residential land” 2b/c: the buy/sell dates 2f: 10,704 2g: -10,704 Line 6: 55,492 Line 7: 44,788   I don’t understand what’s going on here.  Obviously, 55,492 less 44,788 = 10,704.  But where does the 10,704 come from?  It is neither the land cost ($10,075) nor is it the result of any math I have been able to recognize.   And why does column 2a” show “residential land”.  Why doesn’t it list the actual name of the property (the physical property street address) that I assigned to it in 2011? Column 2d is empty.  Why is that not the $110k sale price?   I don’t understand how this form is being assembled by the program.  I'm just struggling with this.   When I drill into the "property assets" of this rental property, I have this:    - On the first page, it lists depreciation at 1,115.  - Clicking EDIT from that screen, I have these details:  - Description - Residential  - Date - 1/25/2011  - Asset Type – Residential rental real estate  - Cost – 77,604 (this precisely matches purchase price + closing costs + remodeling)  - Land – 10,704 (I don’t understand this number since 10,075 is the land cost from the initial purchase setup screen, and to the best of my knowledge, I did not input this number.  It was supplied by the program)  - Prior Depreciation - 16,929 (precisely matches prior returns – I just confirmed)  - Business % - 100 Did you stop using this asset in 2018 – YES Disposition – I entered the sale and acquisition dates Special handling – NO Home Sale – Was this asset included in the sale of your main home?  - NO Sales Information - asset sales price – 110,000 - asset sales expenses – 5,562 - land sales price – 0 - land sales expenses – 0 Personal residence – did you use this rental property as a personal residence - NO Installment Sales – Do you want to report this sale using the installment method - NO   The next screen (page title = "results")  tells me: You have a gain of $55,492 on your disposition of Residential.  Your depreciation deduction for Residential for 2018 is $1,115. We'll transfer these amounts to the correct forms for you, and goes on to discuss "unrecaptured section 1231 losses".   The next screen (page title = "Loss on this Asset's Land") tells me: Based on our calculations, you have a loss of $10,704 on your disposition of the land for Residential. We'll automatically transfer this loss to the correct IRS forms for you.   At this point, it goes back to the main "property assets" screen.   So again, the principal questions I have are as follows:  - why the 10,704 on the Property Asset screen and on column 2f/g of the 4797?    - why is the 4797 listing this as "residential land" when what I have this configured at is a townhouse, and named by the street address?  - why is the 110,000 sale price not appearing on column 2d of the 4797?   None of this makes sense to me. ... View more

I've got my 2011 TT open and am working through the screens, trying to make sure I understand clearly what went wrong.  I have to run out a bit, and just want to thank both of you for looking at this with me.  More later or tomorrow.  Again, thank you.         ... View more