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179 recapture separate statement

Forum|Forum|3 years ago
January 14, 2023
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I have 179 recapture on 2 listed properties and 1 other 179 property due to reduction in business use - changed to personal use. This will be reported in Part IV of Form 4797 Sections (a) and (b), lines 33-35. The instructions to form 4797 state that if you have more than one property subject to 179 recapture you should attach a separate statement to the return showing the calculations. Is there a pro-forma statement somewhere in TT which I can fill out? And if not, how would I complete one and get it attached to my return in TT?

TurboTax Home & Biz Windows

Best answer by Anonymous_

There is a blank form in the desktop versions of TurboTax that you can certainly use for that purpose.

However, it does not appear to be known whether that form will be transmitted along with the rest of an e-filed return. If you use that form, you might want to consider printing and mailing your return along with the attached blank form.

A

Anonymous_Answer

Employee

There is a blank form in the desktop versions of TurboTax that you can certainly use for that purpose.

However, it does not appear to be known whether that form will be transmitted along with the rest of an e-filed return. If you use that form, you might want to consider printing and mailing your return along with the attached blank form.

T

toddrub46Author

Thank you for your response, but where in TT do I find the "blank form" you mentioned? And is there no way to attach it to the return so that it is e-filed with everything else? I'd hate to have to file manually just for this reason.

thanks