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Sales of inventory or other items held as stock-in-trade in your business are considered business income, not sales of capital assets. Sales of this type of property are reported on Schedule C or C-EZ. Similarly, sales of accounts receivable or notes you received in the ordinary course of business are reported on Schedule C, as are any sales of copyrighted literary or musical compositions or artwork you created.
If you have a gain on property held for personal use such as a home, car, furnishings, clothing, etc., it will be reported on Schedule D (but see our discussion of the exemption for gains on personal residences). However, if you have a loss, you can't deduct it. If you do have a loss on non-real estate property held for personal use, you don't have to report the sale at all.
Virtually any property that you hold as an investment will generate a taxable gain, or a deductible loss, that should be reported on Schedule D and on one of the more specialized forms that feed into Schedule D: