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Investors & landlords
If the property was being reported as a rental on the Sch E for anytime during 2021 then you should be selling the property off in the Sch E assets section and NOT the more confusing sale of business property section. Once completed review the form 4797 for the sale ... land on page 1 and the bldg on page 2.
‎April 25, 2022
5:48 AM