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    casablanca123's Avatar
    casablanca123 Posts: 1, Reputation: 1
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    #1

    Feb 11, 2010, 06:18 PM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Mar 9, 2010, 03:19 PM
    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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