I have a 4797 form error. It asks for a 4797 worksheet entry and I can't find the worksheet?

[bobfrass]

Where can I find the 4797 worksheets?

[TheForbisor]

You can't navigate form 4797 on TurboTax (Canada) as it does not include in it. Form 4797 is basically used for filing a tax return in the U.S.

Instead, you can use line 12700 of your income tax return for Reporting the Disposition of Capital Property.

If you have sold the foreign property and want to report it then you must have to convert the proceeds of disposal from foreign currency to Canadian dollars. On the day you file your income tax return, do not utilize the exchange rate. Use the exchange rate on the day you sold the capital asset instead.

For more information, please review our TurboTax article: Proceeds of Disposition

Thank you for choosing TurboTax.

[TheForbisor]

You can't navigate form 4797 on TurboTax (Canada) as it does not include in it. Form 4797 is basically used for filing a tax return in the U.S.

[TheForbisor]

Instead, you can use line 12700 of your income tax return for Reporting the Disposition of Capital Property.

[TheForbisor]

If you have sold the foreign property and want to report it then you must have to convert the proceeds of disposal from foreign currency to Canadian dollars. On the day you file your income tax return, do not utilize the exchange rate. Use the exchange rate on the day you sold the capital asset instead.

[TheForbisor]

For more information, please review our TurboTax article: Proceeds of Disposition

[TheForbisor]

Thank you for choosing TurboTax.