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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.
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- 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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