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Form 4797

hcliston
Level 4

My client sold a residential real estate (Schedule E) property. 

I entered all the information about the sale in the Asset Entry Worksheet.

It calculated a loss on the sale of about $19,000. Then it says "Part of Form 4797 to which asset gain (loss) carries: PART I" 

On 4797, Part I, all the numbers look right UNTIL line 2g, which shows up as $0.  It should not be 0; it should be (19,000).  What's triggering this? 

I've searched all over for a box I may have checked wrong but I can't find anything. This is not a converted property or a former primary residence or anything. It's just a rental property, bought in 2018 and sold about 14 months later. 

I'm stuck. Thank you!!

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1 Solution

Accepted Solutions
Jim-from-Ohio
Level 11

On Sch. E Worksheet, did you check Box H, Complete taxable dispostion?

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2 Comments 2
Jim-from-Ohio
Level 11

On Sch. E Worksheet, did you check Box H, Complete taxable dispostion?

hcliston
Level 4

Thank you, Jim!  I knew I was probably just missing one button . . . but I couldn't find it.  You saved me!  Happy April 15.  -- Heather