4797-6252

[grandmabee]

I am doing a sale of rental and I know the land part of the sale goes on line 2 part 1 of 4797 even with the 6252.

for the life of me I can't get the program to put it there.  keeps dumping in line 4 part 1 of 4797.

what am I missing on the input of the sale.  I am doing it thru the fixed asset schedule.

any help would be appreciated.  I have been working on this for hours or at least it seems that way.

[WITAXLADY]

ya know - I find the 4797 has a mind of its own this year -

many assets are not going correctly - I sort of think someone rewrote their own computer tax laws...

 

[Abby Normal]

If the gain(loss) is right, I don't worry about it.

[Abby Normal]

11 hours ago, grandmabee said:

I am doing a sale of rental and I know the land part of the sale goes on line 2 part 1 of 4797 even with the 6252.

for the life of me I can't get the program to put it there.  keeps dumping in line 4 part 1 of 4797.

what am I missing on the input of the sale.  I am doing it thru the fixed asset schedule.

any help would be appreciated.  I have been working on this for hours or at least it seems that way.

Maybe you're wrong and it belongs on line 4.

[ILLMAS]

Did the sale (gain) qualify the TP for QBI?  

[Terry D EA]

I think you maybe incorrect  at where you are placing the land transaction. Check out the pub below to see if this helps any at all. What I read is items in section 4 are items depreciable or recapture of depreciation. Land is not depreciable. 

https://www.irs.gov/pub/irs-pdf/i4797.pdf