8825 has always shown all expenses then reduce by 50% as it should.
The 4797 does not follow the same logic, if you enter total sales price it flows unchanged to the 4797. If I reduce the sell price the taxpayer received, the basis is still 100%. Am I missing something in fixed assets to address this?
For the sale, you need to ONLY enter the sale date in the depreciation input. Then go to dispositions and do the sale for the 50% of everything.
What you did should work, in theory, but it does not. I treats it as a sale of the whole, since the 50% entry is on the Schedule E and not in the depreciation input.
I originally trusted the input until final review. I did a mass disposition from the depreciation screens. I entered 1/2 sale price and costs. I drafted 4797 and verified basis, then entered a 50% basis adjustment to correct. I think I got it where it should be, but glad I took that final look.
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