My siblings and I owned a rental home for 5 years which we sold in March 2013.
It was sold at a loss, do I use form 4797 and transfer the loss to line
14 of 1040. As a result line 41 on 1040 is negative. Can I use form
1045 and get tax benefit from this situation. Are there any other forms
I need to file. Thanks for any help you can give.