The following is true if land is sold except:

1 The gain on the sale of land used in a business is recorded on Form 4797.

2 The gain on the sale of land used in a business is recorded on Schedule D.

3 The gain on the sale of land used in a business is ordinary income and can appear on a Schedule C if it is owned by a sole proprietor.

4 The gain on the sale of land appears on the Form 1040 under the heading "other income".