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  1. If the loss on line 11 includes a loss from Form 4684, line 35, column (b)(ii), enter that part of the loss here. Enter the loss from income-producing property on Schedule A (Form 1040), line 16.

  2. included on line 31 (and line 13) of Form 4797. See the instructions for Part III. If the total gain for the depreciable property is more than the recapture amount, the excess is reported on Form 8949. On Form 8949, enter “From Form 4797” in column (a) of Part I (if the transaction is short term) or Part II (if the transaction is long term ...

  3. Form 4797: Sales of Business Property 2021 12/16/2021 Inst 4797: Instructions for Form 4797, Sales of Business Property 2021 12/22/2021 ...

  4. Form 1099-S reports the sale portion of the transaction. Report the sale of your rental property on Form 4797. The sales price is the gross proceeds you received in giving up the property. That’s the amount that was paid down or paid off, plus any other consideration you received in the transaction.

  5. How to Report Gains and Losses on IRS Form 4797. If you properly made the mark-to-market election with the IRS, you should report all gains and losses from trading as ordinary gains and losses on Part II of Form 4797, instead of as capital gains and losses on Schedule D. In that case, securities held at the end of the year in your business as a ...

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