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Level 1
February 21, 2022
Question

Where in the data input do I mark that a Commercial Schedule E property has been sold?

  • February 21, 2022
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1 reply

George4Tacks
Level 15
February 21, 2022

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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