LO.2, 7 Terri provided depreciable furniture for a furnished apartment she owned and rented to tenants. She

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LO.2, 7 Terri provided depreciable furniture for a furnished apartment she owned and rented to tenants. She sold the furniture after owning it for two years and had a $4,000 loss on the disposition. What is the nature of the loss? Where is it reported on Form 4797?

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