Yes - the sale of tools used in a rental property business are reported in Part I (> 1 yr) or Part II of Form 4797 (depending on how long you've owned them).
If the tools are all small tools (like hand tools) it's OK to group them together, rather than list them separately, if they were sold at the same time. Otherwise enter information for each sale.
The sale from a qualifying abandonment of business or investment property is reported in Part II of 4797. Again, if all the property was small and sold at the same time, you can group them together. Otherwise enter information for each sale.
For more information, please see: IRS Pub. 544 (2019) - Sales and Other Dispositions of Assets (HTML version) Pub is currently being revised for 2020 returns.
