Federal Tax Form 4797 - Sales of Business Property

Tax Form 4797 is used to report the following:

• The sale or exchange of:
  1. Property used in your trade or business;
  2. Depreciable and amortizable property;
  3. Oil, gas, geothermal, or other mineral properties; and
  4. Section 126 property
• The involuntary conversion (from other than casualty or theft) of property used in your trade or business and capital assets held in connection with a trade or business or a transaction entered into for profit
• The disposition of noncapital assets (other than inventory or property held primarily for sale to customers in the ordinary course of your trade or business)
• The disposition of capital assets not reported on Schedule D
• The gain or loss (including any related recapture) for partners and S corporation shareholders from certain section 179 property dispositions by partnerships (other than electing large partnerships) and S corporations
• The computation of recapture amounts under sections 179 and 280F(b)(2) when the business use of section 179 or listed property decreases to 50% or less

Form name	Instructions	Form
2007 Federal Tax Form 4797 - Sales of Business Property
2006 Federal Tax Form 4797 - Sales of Business Property	-
2005 Federal Tax Form 4797 - Sales of Business Property	-