Question

Why does it state I have a Sales of Business Property (Form 4797) when I didn't have any business property and nothing was sold?

Forum|Forum|4 years ago
March 20, 2022
1 reply
0 views

I did have a vehicle that was used (3%) for business travel which I ultimately stopped using during the year after the car literally died (transmission). I had to dispose of the vehicle. But I didn't sell it.

TurboTax Deluxe Online

ColeenD3

You need to indicate that you converted it to personal use to avoid having it appear as a sale.

T

tbhlmjAuthor

Thanks! Now it's asking about recapture information, which I don't have. Any additional advice?

PatriciaV

Employee

Please clarify exactly what the program is asking about recapture information. Is it a yes/no question? Or does it expect an amount?

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Why does it state I have a Sales of Business Property (Form 4797) when I didn't have any business property and nothing was sold?

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