laval650
Level 3
03-22-2022
02:39 PM
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I am trying to "sell" a BIZ car used ~ 10% in BIZ for 5 years. Used just SL depreciation.
On the input screen: Depreciation - Details - Disposition - do I enter the entire sale price or should I pro-rate it for the BIZ portion of the car only? I entered the whole amount of sale, and the 4797 does not look correct to me.
Thanks community
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George4Tacks
Level 15
03-22-2022
04:52 PM
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I would just enter the date of sale in the depreciation screen. Then go to Dispositions and use that data to enter the 4797 sale (look at the tabs in dispositions).
Just enter the 10% figures https://proconnect.intuit.com/community/form-8949/help/form-4797-input-for-sales-of-business-propert...
Answers are easy. Questions are hard!
