How do I classify the rental property I sold for a loss in 2016 as an "investment" and show it is a capital loss (8949, Scheduled D) not as business loss (4797)?

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You can't. Since you have to recapture the depreciation, it is calculated on Form 4797.

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You can't. Since you have to recapture the depreciation, it is calculated on Form 4797.

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