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Tags: federal,form
Form 4797: Allows only 4 sold properties
The IRS requests that all other sale information be added together on the fourth line when there are more than four assets sold. You should use depreciation worksheets to enter the assets that were sold. When you use the worksheets, the last line's description should be ALL OTHERS, and the totals from depreciation worksheets that are not listed will be added on this line. All the information is calculated. If you would like a detailed list, the Depreciation Worksheet is printed as a Depreciation Detail Report, rather than as separate worksheets.
If you do not use Depreciation Worksheets, you need to override the fourth line and manually enter the information as described above.
Tags: federal,form