8949? Why? It is just a line item that goes to Schedule D! Why? It's a waste of pixels! REALLY? Why 8949? 

"It is not an income producing property." Is it an investment property? Why does the partnership hold it if there is not intent of producing income, even if by sale? 

Should it possible go on 4797?

Oh, so many questions. So few correct answers. 

Okay, I am going back to finish my siesta now.