CaraMel
Level 2
04-05-2022
11:56 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I use ProConnect for my returns. I have a client who sold a backhoe, which generated a form 4797. Now ProConnect is giving me TWO 4797 forms - a "regular" one and one with the additional words "Alternative Minimum Tax." I'd like to know why and how to get rid of one of them. The amount shown on Schedule 1 is the amount listed on the "regular" 4797.
Does anyone know why ProConnect generated both of these form 4797s and how to fix it?
THANK YOU in advance!
Labels
sjrcpa
Level 15
04-05-2022
12:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Leave them both. The gain or loss for AMT purposes can be different than for regular tax purposes.
The more I know the more I don’t know.
CaraMel
Level 2
04-05-2022
12:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you for the prompt help! I appreciate you!
sjrcpa
Level 15
04-05-2022
12:47 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You're welcome.
The more I know the more I don’t know.
