If you dispose of business property, you may have a gain or loss that you report on Form 1040. However, in some cases you may have a gain that is not taxable or a loss that is not deductible. This chapter discusses whether you have a disposition, how to figure the gain or loss, and where to report the gain or loss.
Is My Gain or Loss Ordinary or Capital?
Is My Capital Gain or Loss Short Term or Long Term?
Useful Items - You may want to see:
544 Sales and Other Dispositions of Assets
Form (and Instructions)
4797 Sales of Business Property
Sch D (Form 1040) Capital Gains and Losses
See IRS Forms and Publications for information about getting publications and forms.
Information courtesy of the Internal Revenue Service.