Fosterconsult
Level 2
02-24-2020
04:01 PM
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I have calculated the depreciation for all years and the business percentage of the sales price and cost (vehicle had some personal use each year). When I go to enter these calculation into the enterable Form 4797 I get an error stating that only gains are to be reported in Part III. Where would I enter the information to report the loss? Do I enter on Page One under the Section 1231 property?