Create Form 4797

Sales of Business Property. $14.99 per form, with instant download.

Details

Tax year

Taxpayer and reported proceeds

Name(s) shown on your return

Identifying number

NumberEnter all nine digits.

1a · Gross proceeds reported on Forms 1099-B or 1099-S included on lines 2, 10 and 20

1b · Gain on dispositions of partially disposed MACRS assets

1c · Loss on dispositions of partially disposed MACRS assets

Part III: Section 1245 property sold at a gain (depreciation recapture)

Equipment, vehicles and other depreciable personal property held more than a year. Real property and other sections are entered by hand.

19 · Section 1245 property A: description (optional)

19 · Date acquired (optional)

19 · Date sold (optional)

20 · Gross sales price

21 · Cost or other basis plus expense of sale

22 · Depreciation allowed or allowable

19 · Section 1245 property B: description (optional)

19 · Date acquired (optional)

19 · Date sold (optional)

20 · Gross sales price

21 · Cost or other basis plus expense of sale

22 · Depreciation allowed or allowable

Calculated for you from your entries

23 · Property A: adjusted basis: –
24 · Property A: total gain: –
25a · Property A: depreciation (line 22): –
25b · Property A: ordinary income (smaller of line 24 or 25a): –
23 · Property B: adjusted basis: –
24 · Property B: total gain: –
25a · Property B: depreciation (line 22): –
25b · Property B: ordinary income (smaller of line 24 or 25a): –
30 · Total gains for all properties: –
31 · Depreciation recaptured as ordinary income: –
32 · Section 1231 gain (line 30 minus line 31): –

Part I: Property held more than one year (section 1231)

2 · Sale 1: description of property (optional)

2 · Date acquired (optional)

2 · Date sold (optional)

2 · Gross sales price

2 · Depreciation allowed or allowable since acquisition

2 · Cost or other basis, plus improvements and expense of sale

2 · Sale 2: description of property (optional)

2 · Date acquired (optional)

2 · Date sold (optional)

2 · Gross sales price

2 · Depreciation allowed or allowable since acquisition

2 · Cost or other basis, plus improvements and expense of sale

2 · Sale 3: description of property (optional)

2 · Date acquired (optional)

2 · Date sold (optional)

2 · Gross sales price

2 · Depreciation allowed or allowable since acquisition

2 · Cost or other basis, plus improvements and expense of sale

2 · Sale 4: description of property (optional)

2 · Date acquired (optional)

2 · Date sold (optional)

2 · Gross sales price

2 · Depreciation allowed or allowable since acquisition

2 · Cost or other basis, plus improvements and expense of sale

3 · Gain from Form 4684, line 39

4 · Section 1231 gain from installment sales (Form 6252)

5 · Section 1231 gain or (loss) from like-kind exchanges (Form 8824)

8 · Nonrecaptured net section 1231 losses from prior years

Calculated for you from your entries

2 · Sale 1: gain or (loss): –
2 · Sale 2: gain or (loss): –
2 · Sale 3: gain or (loss): –
2 · Sale 4: gain or (loss): –
6 · Gain from line 32: –
7 · Net section 1231 gain or (loss): –
9 · Line 7 minus line 8: –

Part II: Ordinary gains and losses

10 · Ordinary sale 1: description of property (optional)

10 · Date acquired (optional)

10 · Date sold (optional)

10 · Gross sales price

10 · Depreciation allowed or allowable since acquisition

10 · Cost or other basis, plus improvements and expense of sale

10 · Ordinary sale 2: description of property (optional)

10 · Date acquired (optional)

10 · Date sold (optional)

10 · Gross sales price

10 · Depreciation allowed or allowable since acquisition

10 · Cost or other basis, plus improvements and expense of sale

10 · Ordinary sale 3: description of property (optional)

10 · Date acquired (optional)

10 · Date sold (optional)

10 · Gross sales price

10 · Depreciation allowed or allowable since acquisition

10 · Cost or other basis, plus improvements and expense of sale

10 · Ordinary sale 4: description of property (optional)

10 · Date acquired (optional)

10 · Date sold (optional)

10 · Gross sales price

10 · Depreciation allowed or allowable since acquisition

10 · Cost or other basis, plus improvements and expense of sale

14 · Net gain or (loss) from Form 4684, lines 31 and 38a

15 · Ordinary gain from installment sales (Form 6252)

16 · Ordinary gain or (loss) from like-kind exchanges (Form 8824)

18a · Part of the line 11 loss from Form 4684, line 35, column (b)(ii)

Calculated for you from your entries

10 · Ordinary sale 1: gain or (loss): –
10 · Ordinary sale 2: gain or (loss): –
10 · Ordinary sale 3: gain or (loss): –
10 · Ordinary sale 4: gain or (loss): –
12 · Gain from line 7, or line 8 if applicable: –
13 · Gain from line 31: –
17 · Ordinary gain or (loss): –
18b · Line 17 without the line 18a loss (to Schedule 1, line 4): –

Checkout

You'll get the official Form 4797, filled in and ready to sign, as a PDF.

Attach it to your return: a net section 1231 gain on line 7 goes to Schedule D as the instructions describe, and line 18b goes to Schedule 1, line 4.

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Form 4797$14.99

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