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Level 1
February 10, 2026
Question

Why are some of my gains & losses not flowing to 4797? Section 179 asset sold showing gain, supposedly going to Part III of 4797, but doesn't show up/flow. How to enter?

  • February 10, 2026
  • 1 reply
  • 4 views
74% Business use plane Sec 179 deduction when added. Sold for gain in 2025. Gain doesn't flow to 4797. How do I enter?

1 reply

Level 15
February 10, 2026

Is this a Schedule C?

Are you reporting the sale on the Asset Entry Worksheet?

Is the calculation of the gain showing on the Asset Entry Worksheet?

sjrcpa
Level 15
February 10, 2026

Is it a 1065 or 1120S?

The more I know the more I don’t know.
Level 15
February 10, 2026

@sjrcpa wrote:

Is it a 1065 or 1120S?


 

Oh, I bet you figured it out.   😀