Capital Gains is reported on Form Schedule D. Also the sale of property is on Form 4797.
Report the gain or loss on the sale of rental property on Form 4797, Sales of Business Property or on Form 8949, Sales and Other Dispositions of Capital Assets depending on the purpose of the rental activity. Individuals typically use Schedule D (Form 1040), Capital Gains and Losses together with Form 4797 or Form 8949.
For further information, refer to:
Category
Sale or Trade of Business, Depreciation, Rentals
Sub-Category
Sales, Trades, Exchanges
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