Donnak
Level 2
04-21-2021
10:37 AM
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Client sold real estate. Just land. No depreciation. No income from ownership.
Which Section does the sale apply to on From 4797? 1245, 1250, 1252, 1254, or 1255.
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BobKamman
Level 15
04-21-2021
10:39 AM
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How was it used in a trade or business? Otherwise, forget Form 4797. Use Schedule D.
Donnak
Level 2
04-21-2021
10:41 AM
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Not used in trade or business. Thanks for the quick response.
