Correction to a Form 1040 Line Reference in the 2020 Instructions for Form 4797


Page 3 of the 2020 Instructions for Form 4797, Sales of Business Property, includes an incorrect reference to a line on Form 1040. On page 3, in the third column, under "Section 197(f)(9)(B)(ii) Election," the instructions state to report the additional tax on Form 1040, line 12a. For 2020, the additional tax should be reported on Form 1040, line 16.