Question: and expenses should be reported on Form 8 8 2 5 , Rental Real Estate Income and Expenses of a Partnership or an $ Corporation.
and expenses should be reported on Form Rental Real Estate Income and Expenses of a Partnership or an $ Corporation.
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Jameson owns several residential rental properties. In May 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 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 should Jameson's loss from the sale of these appliances be reported?
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