Form 4797
Sales of Business Property
Form 4797 reports sales of business property: section 1231 gains and losses, ordinary gains, and depreciation recapture on equipment and vehicles. Enter each sale; the gains, the recapture and the amounts for Schedule 1 and Schedule D are worked out on the official 2025 form.
What it reports
- Selling equipment, vehicles or other depreciable business property
- Section 1245 depreciation recapture as ordinary income
- Business property held one year or less
What you'll get
- The official IRS form with every entry in place, as a PDF ready to sign
- Downloads on your order page for 30 days, plus an email link
How it works
- 1Enter the information once; add every recipient you need.
- 2Check the official form, filled in, in the live preview.
- 3Pay once and download your PDF right away.
Questions
How is depreciation recapture figured?
For section 1245 property sold at a gain, the smaller of the gain or the depreciation taken is ordinary income (line 31); the rest is section 1231 gain.
Where do the results go?
A net section 1231 gain on line 7 goes to Schedule D as the instructions describe; the ordinary gain on line 18b goes on Schedule 1, line 4.
Which tax years can I prepare Form 4797 for?
2025. Each year uses the IRS edition in effect for it, and the preview shows exactly that edition.
How much does Form 4797 cost?
$14.99 per form, paid once at checkout. There is no account, subscription or extra fee, and you see the full filled form before you pay.