Question

How do I create Form 4797 Part III Lines 19 -24?

How do I create Form 4797 Part III Lines 19 -24 to input Gain From Disposition of Property under Sections 1245, 1250, 1252, 1254, 1255?

In the Forms section, TT only shows Form 4797 Parts I & II. There is no Part III.

Form 4797 is not showing up in my tax return.

Thank you.

Form 4797 part III is a form created by entries on other forms. You have to first enter the transaction that creates Form 4797 part III.

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I appreciate your response.

Where do I input Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, 1255 in TT Business?

Thank you.

For a partnership it would be under Income and Dispose of business property.

Same for an S-Corp.

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