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Level 2
April 27, 2022
Question

Where do I report Sale of Property on 1040NR subject to FIRPTA

  • April 27, 2022
  • 3 replies
  • 18 views

In proseries where is the best place to enter the sale of the property subject to FIRPTA on the 1040NR.  Should it be entered on the 1099-B worksheet, Home Sale Worksheet or directly on 4797. This was not the person's main home as they are foreign.  They did not rent the property.

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3 replies

sjrcpa
Level 15
April 27, 2022

Not 4797.

It should end up on Schedule D.

The more I know the more I don’t know.
Just-Lisa-Now-
Intuit Community Champion
April 27, 2022
use the 1099B worksheet, just skip over the brokerage info at the top.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
itonewbie
Level 15
April 27, 2022

If your client is tax resident of a treaty country, make sure you check the treaty article on the taxation rights.  Generally, the situs state has the primary and exclusive right to tax the gain on disposition but you should always double check.

---------------------------------------------------------------------------------Still an AllStar