Penumbrook
Level 2
09-06-2021
04:02 PM
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Hi, I have a critical diagnostic on a 2020 individual tax return, Ref No 2055347. which reads as follows:
"Dispositions: This return includes a deferral of gain, or a recognition of previously deferred gain, from a QOF disposition reported on Form 4797. This part of the tax program is still in development. Please defer filing until this part of the program is complete."
I am reporting a deferral of gain, not a recognition of previously deferred gain. The gain was from a 1231 sale of real property reported on Fm 4797, p2. Have I checked an incorrect box?
Can you tell me how to clear this diagnostic so I can file before October 15th? Thank you!
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