Where do you show the 1099-A gains from a Rental Property? Line 21 --Other Income, or Schedule E?
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Where do you show the 1099-A gains from a Rental Property? Line 21 --Other Income, or Schedule E?
Neither. If the rental house was foreclosed on, that is an involuntary conversion that results in the sale of a business property. Such a sale is reported on Form 4797.
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