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Form 4797 sale flowing to Part I instead of Part III on an Individual return SureFire - Form 4797 sale flowing to Part I instead of Part III on an Individual return SureFire.
π Form 4797 sale flowing to Part I instead of Part III (Individual return)
This guide addresses a situation where a Form 4797 sale is flowing to the wrong section on an Individual return in SureFire.
β οΈ Before You Begin
Review the flow of the properties between Form 4797 sections:
- Property flowing to 4797, Pg 2, Part III has a gain.
- Other property flowing to 4797, Pg 1, Part I has a loss.
π Whatβs Happening
The property flowing to 4797 pg 2 part 3 has a gain and the other property flowing to pg 1 part 1 has a loss.
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