It is usually included as part of the total amount of "gain" (due to lower Basis) and reported on Form 4797.
But the exact place can vary, depending on circumstances, such as:
- If an item was sold or if it is some other kind of recapture,
- What exactly the item was that was sold,
- If that item was sold at a gain or if it was sold at a loss,
- How long the asset was owned, and
- If the item was still a business asset in the year of the sale (or if it had been converted to a personal asset in a previous year).
