$$7,000$

$$25,000$

$$32,000$

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Question $50$ of $75.$

Jameson owns several residential rental properties. In May $2021,$ he purchased a new stove and refrigerator and placed the

items in service in one of his rental houses. He elected not to claim the special depreciation allowance that year. In November

$2023,$ Jameson sold the house, including the appliances. After factoring in depreciation, he had a loss on the sale of both the

stove and the refrigerator.

Where on Form $4797$ should Jameson's loss from the sale of these appliances be reported?

Part I.

Part II$.$

Part III.

Part IV$.$

Mark for follow up

Question $51$ of $75.$

Where on Form $4797$ will a taxpayer who sold depreciable real business property at a loss after holding it long$-$term first