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Level 3
March 11, 2021
Question

Loss on sale of rental

  • March 11, 2021
  • 1 reply
  • 13 views

Client has a $5k loss on sale of rental.  Form 4797, Line 2(g) is zero.  Like the loss is disallowed.

 

TY

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1 reply

Just-Lisa-Now-
Intuit Community Champion
March 11, 2021
Did you sell it using the asset entry worksheet? Did you mark the rental as Disposed on the Sch E worksheet Question H?
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