Patrick Michael Posted March 15, 2016 Report Share Posted March 15, 2016 Client sold residential real estate. It's my understanding that the land potion of the sale should be reported in Part 1 of form 4797 and the building portion of sale should be reported in Part 3. I can get the building to Part 3 but can not figure out how to get the land to flow to Part 1. Sure it's probably something easy but can not figure it out. Thanks for the help. Quote Link to comment Share on other sites More sharing options...
Patrick Michael Posted March 15, 2016 Author Report Share Posted March 15, 2016 Just figured it out. You have to enter "ND" for property type. 2 Quote Link to comment Share on other sites More sharing options...
JJStephens Posted March 23, 2016 Report Share Posted March 23, 2016 Thanks. Helpful to know! Quote Link to comment Share on other sites More sharing options...
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