Depreciable personal property was sold at a gain in 2016. On what 2016 form would this transaction be reported, where initially in that form, and what will the form most likely do with the gain?

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The Answer of Depreciable personal property was sold at a gain in 2016. On what 2016 form would this transaction be reported, where initially in that form, and what will the form most likely do with the gain?

Depreciable Personal Property Was Sold at a Gain in 2016