This article applies to:

Schedule K, line 3a doesn't include the amount from Form 4797

The amount from Form 4797, line 17 (income from sale) doesn't appear in Schedule K, line 3a.

Go to the

Rent

screen.

In Sale of Property (Rentals only)
, enter the amount of gain from the sale of rental property included as ordinary income on Form 4797, line 17.

note

You'll find this field under Rent & Royalty folder (Rent)
.

UltraTax CS subtracts the amount you enter here from the gain transferred from Form 4797 to Form 1065 or 1120.

This field applies only if you've entered

1

or

2

in the Type of activity
.