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Level 5
June 21, 2024
Question

TP sold an investment property for a loss. I entered the information on the 4797. But it is not showing up on Schedule D. What am I missing?

  • June 21, 2024
  • 3 replies
  • 17 views
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3 replies

BobKamman
Level 15
June 21, 2024

Why did you enter it on the 4797 if it belongs on Schedule D?

Intuit Community Champion
June 22, 2024

As @BobKamman said you don't enter investment sales on form 4797. You would use 1099B worksheet for an investment.

qbteachmt
Level 15
June 22, 2024

It should be noted that @chapguy19 tends to ask multiple times for the same issue, resulting the volunteer peer users spread across multiple topics, each having part of the story and part of the replies.

Here is the more comprehensive topic on what seems to be this same property:

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/tp-purchased-a-condo-but-never-rented-it-or-lived-in-it-then/00/303180

Please don't keep starting the same issue as new topics. It's the same audience, every time you post. Thanks.

Don't yell at us; we're volunteers