Level 10
04-08-2022
10:07 PM
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you can put the part of the sale applicable to the "one depreciable asset" on the F4797. You can't put the personal residence on a 4797. You can't just make up rules for convenience or 'to make things wash' You might consider withdrawing from this tax engagement. And I'm not being mean, but I am being serious. The name at the top of that form clearly states 'SALES OF BUSINESS PROPERTY'
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