Sales, Trades, Exchanges
Question: What form(s) do we need to fill out to report the sale of rental property?
Report the gain or loss on the sale of rental property on Form 4797 (.pdf), Sales of Business Property. Individuals typically use Schedule D (Form 1040) (.pdf), Capital Gains and Losses, together with Form 4797.
For further information, refer to:
- Publication 544, Sales and Other Dispositions of Assets,
- Publication 550, Investment Income and Expenses,
- Instructions for Form 4797 (.pdf), Sales of Business Property, and
- Instructions for Schedule D (.pdf), Capital Gains and Losses.
Category: Sale or Trade of Business, Depreciation, Rentals
Subcategory: Sales, Trades, Exchanges