Line
7
Step
5
Step Subject
Gross Income
Instruction Year
2019
If you sold or exchanged assets used in a trade or business and completed federal form 4797, enter 100% of the gain or loss as shown on federal form 1040, schedule 1, line 4. Include a copy of federal form 4797.
Married Separate Filers:
Divide gains or losses based on ownership of the asset sold or exchanged.