If I have capital gains from the sale of business assets, do I record that gain on schedule 1 line 14 or on line 17?

lkk18finances · ‎June 4, 2019

IreneS · ‎June 4, 2019

Since they are business assets that were sold the gain from the sale is reported on Form 4797. This figure then flows to Schedule 1, line 4.

[Edited | 4/14/2020 | 11:05am PDT]

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IreneS · ‎June 4, 2019

Since they are business assets that were sold the gain from the sale is reported on Form 4797. This figure then flows to Schedule 1, line 4.

[Edited | 4/14/2020 | 11:05am PDT]

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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