Do you support Form 4797 for sale of business property?
Yes, we support Form 4797.
Menu Path: Income > Business / Rental Income > Business Income (Schedule C)
You will include the sale information under the Expenses and Assets section of your Schedule C or Schedule E. When you enter a sold business asset, Form 4797 is generated and included with your tax forms to show the sale of the business property.
Menu Path: Income > Business / Rental Income > Business Income (Schedule C)
You will include the sale information under the Expenses and Assets section of your Schedule C or Schedule E. When you enter a sold business asset, Form 4797 is generated and included with your tax forms to show the sale of the business property.
