danae-smartchang
Level 1
04-18-2023
07:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Form 4797 is showing the original entry for cost/basis. Schedule D is showing adjusted cost/basis after entering more expenses for improvements. Form 4797 is not showing those adjustments. Why?
Labels
greg7
Level 3
04-20-2023
01:31 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My advice is to work through it with the helpdesk. I recently entered an investment real estate sale also and it was surprisingly not bringing in values from the return for depreciation recapture. There were some fields that had to be filled out manually. It wasn't very straight forward. A weakness in the design that I wish they would improve. It should be easier to enter something like this.