sld21
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I tried that - that section is only for Business or Rental Property that met several criteria- one being that "You sold it for a profit" which I did not- I had ...
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I did enter the asset as sold in the Asset Entry Worksheet and it calculated a loss of $1,766 - this loss did not flow through to Form 4797 - as noted in my mor...
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It was a separate Asset - as it was not the original HVAC system purchased with the house, but replaced the system 10 years ago in 2010 and then this system had...
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Since it's an asset associated with a rental property - which flows through to a Schedule E, the information was entered on the Asset Entry Worksheet, which ref...
Activity Feed for sld21
- Posted Re: Loss not calculating properly for sale of business asset on Form 4797 on Get your taxes done using TurboTax. September 25, 2022 8:36 PM
- Posted Re: Loss not calculating properly for sale of business asset on Form 4797 on Get your taxes done using TurboTax. September 25, 2022 7:36 PM
- Posted Re: Loss not calculating properly for sale of business asset on Form 4797 on Get your taxes done using TurboTax. September 25, 2022 7:17 PM
- Posted Re: Loss not calculating properly for sale of business asset on Form 4797 on Get your taxes done using TurboTax. September 25, 2022 7:14 PM
- Posted Loss not calculating properly for sale of business asset on Form 4797 on Get your taxes done using TurboTax. September 25, 2022 5:53 PM