Sale of rented farmland

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  • KBTS
    Senior Member
    • Nov 2005
    • 564

    #1

    Sale of rented farmland

    Partnership owns land they rent out to a local farmer. They have owned land for 5 years. Sold most of the land in 2014 and received 1099-S for the proceeds. Does this get reported on a Schedule D or 4797? I have seen opinions for both in my research.
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