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Form 4797 - Sale of Business Property - Force to Part II
1
To enter a loss for the sale of business property that was not previously entered as a depreciable asset, follow the steps below. 

Online
Dashboard
  1. From within your TaxAct return, click Income. 
    • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
  2. Click the Business & Self Employed drop-down.
  3. Click Add beside Sale of Business Property. 
  4. Complete the rest of the interview process. 
Classic
  1. From within your TaxAct return, click Federal. 
    • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
  2. Click the Investment Income drop-down, click Gain or loss on the sale of investments drop-down, then click Ordinary gain or loss (Form 4797).
  3. Complete the rest of the interview process. 
Desktop
  1. From within your TaxAct return, click Federal. 
  2. Click the Investment Income drop-down, click Gain or loss on the sale of investments drop-down, then click Ordinary gain or loss (Form 4797).
  3. Complete the rest of the interview process.