Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Sale of real estate.

Donnak
Level 2

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.

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
BobKamman
Level 15

How was it used in a trade or business?  Otherwise, forget Form 4797.  Use Schedule D.  

View solution in original post

2 Comments 2
BobKamman
Level 15

How was it used in a trade or business?  Otherwise, forget Form 4797.  Use Schedule D.  

Donnak
Level 2

Not used in trade or business.  Thanks for the quick response.