Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Where to show 1099-a gains (https://www.askmehelpdesk.com/showthread.php?t=446040)

  • Feb 11, 2010, 06:18 PM
    casablanca123
    Where to show 1099-a gains
    Where do you show the 1099-A gains from a Rental Property? Line 21 --Other Income, or Schedule E?
  • Mar 9, 2010, 03:19 PM
    AtlantaTaxExpert
    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.

  • All times are GMT -7. The time now is 01:54 PM.