Thank you very much for your response Cheryl! I am still a little confused as to how some of the forms are filled out. My 1099-S (proceeds from real estate transaction) shows 251,900. Does this go on line 20? What do I put on line 21? (building only? or building and land). The problem is that if it's only the building, I get a total gain of around 75,000 including depreciation which seems way too high. I hate to get so specific but I am still unsure as to what I need to put on Lines 20-24 of form 4797? Is it possible my 1099-S is wrong or do I figure out the land and building value myself from the total value? Thanks in advance!
