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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Re: Where in the data input do I mark that a Commercial Schedule E property has been sold?
Where in the data input do I mark that a Commercial Schedule E property has been sold?
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Laure0263
Level 1
02-21-2022
10:14 AM
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George4Tacks
Level 15
02-21-2022
05:42 PM
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Right above "Other Information" mark it as Delete next year (if it is being sold this year).
Show sale of the Assets https://proconnect.intuit.com/community/federal-taxes/help/entering-a-bulk-sale/00/3683
In the disposition of the first asset, be sure to indicate it is a 4797 sale and in the miscellaneous section 1=complete disposition of a passive activity ... (triggers 8582)
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