jasdlm Posted April 5, 2013 Report Share Posted April 5, 2013 I have a client who sold 2 rental houses. I have indicated the same and input all the relevant data in the 'disposition' tab on fixed assets. The first property is flowing through on 4797 Part III as appropriate. The 2nd property is flowing through part 1, which is limiting the loss, and I can't get it to move to column B on Part III. Anyone had a problem like this? Thanks! d Quote Link to comment Share on other sites More sharing options...
michaelmars Posted April 5, 2013 Report Share Posted April 5, 2013 is it short term? Quote Link to comment Share on other sites More sharing options...
jasdlm Posted April 6, 2013 Author Report Share Posted April 6, 2013 No. Long-term. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 6, 2013 Report Share Posted April 6, 2013 Almost certainly there is a box unchecked that should be checked, or vice versa. double check ALL the dates, that is the most likely cause. Quote Link to comment Share on other sites More sharing options...
jasdlm Posted April 6, 2013 Author Report Share Posted April 6, 2013 I have checked it and rechecked it and still can't figure it out. I have tried deleting the assets and re-entering them. I can't override on form 4797 because the software won't let me. I have tried forcing section III and it won't let me do that either. I really cannot figure out what I am doing wrong. Aaaargh! Quote Link to comment Share on other sites More sharing options...
Hahn1040 Posted April 6, 2013 Report Share Posted April 6, 2013 is it a loss? A loss will go on part I not in part III 1 Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 7, 2013 Report Share Posted April 7, 2013 Good point, Hahn, sometimes it's the obvious that we overlook. Quote Link to comment Share on other sites More sharing options...
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