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- Two Form 4797s - HELP!
Two Form 4797s - HELP!
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CaraMel
Level 2
04-05-2022
11:56 AM
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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!
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3 Comments 3
sjrcpa
Level 15
04-05-2022
12:43 PM
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Leave them both. The gain or loss for AMT purposes can be different than for regular tax purposes.
Ex-AllStar
sjrcpa
Level 15
04-05-2022
12:47 PM
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You're welcome.
Ex-AllStar
