How to enter the sale of a rental property (partnership 1065)
Hello - I have a partnership client that sold their rental property. I have numerous 8825 asset worksheets. When I click on the main 8825 worksheet and click the box that states "completely disposed of this property in 2025" and also the box "rental is a commercial property". I checked those two boxes and it didn't generate anything. Upon further research, I looked up the form 4797 pg 2. But when I go to tax help, it suggests that the disposition is entered into the asset worksheet. Well, I have about 8 asset entry worksheets every time there was an improvement to the property. I played around with form 4797 by entering a sales price and date of sale in the appropriate boxes but it doesn't pull over any basis amounts or depreciation. I feel like if I were doing this correctly, there would be more flow within the forms. Please help.
