Form 4797

Form 4797
Sales of Business Property(Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2))
Attach to your tax return.Go to www.irs.gov/Form4797 tor Instructions and the latest information.
Name(s) shown on return
First NameLast Name
Identifying number
1a Enter the gross proceeds from sales or exchanges reported to you for 2025 on Form(s) 1099-B or 1099-S (or substitute statement) that you are including on line 2, 10, or 20. See instructions
b Enter the total amount of gain that you are including on lines 2, 10, and 24 due to the partial dispositions of MACRS assets
c Enter the total amount of loss that you are including on lines 2 and 10 due to the partial dispositions of MACRS assets
Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty or Theft—Most Property Held More Than 1 Year (see instructions)

Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty or Theft-Most Property Held More Than 1 Year (see instructions)

Rows	2 (a) Description of property	2 (a) Description of property	(b) Date acquired (mo., day, yr.)	(c) Date sold (mo., day, yr.)	(d) Gross sales price	(e) Depreciation allowed or allowable since acquisition	(f) Cost or basis, plus improvements expense of other and sale	(g) Gain or (loss) Subtract (f) from the sum of (d) and (e)
1
2
3
4

3 Gain, if any, from Form 4684, line 39
4 Section 1231 gain from installment sales from Form 6252, line 26 or 37
5 Section 1231 gain or (loss) from like-kind exchanges from Form 8824
6 Gain, if any, from line 32, from other than casualty or theft
7 Combine lines 2 through 6. Enter the gain or (loss) here and on the appropriate line as follows
8 Nonrecaptured net section 1231 losses from prior years. See instructions
9 Subtract line 8 from line 7. If zero or less, enter -0-. If line 9 is zero, enter the gain from line 7 on line 12 below. If line 9 is more than zero, enter the amount from line 8 on line 12 below and enter the gain from line 9 as a long-term capital gain on the Schedule D filed with your return. See instructions
Part II Ordinary Gains and Losses (see instructions)
10 Ordinary gains and losses not included on lines 11 through 16 (include property held 1 year or less):
11 Loss, if any, from line 7
12 Gain, if any, from line 7 or amount from line 8, if applicable
13 Gain, if any, from line 31
14 Net gain or (loss) from Form 4684, lines 31 and 38a
15 Ordinary gain from installment sales from Form 6252, line 25 or 36
16 Ordinary gain or (loss) from like-kind exchanges from Form 8824
17 Combine lines 10 through 16
18a If the loss on line 11 includes a loss from Form 4684, line 35, column (b)(ii), enter that part of the loss here. Enter the loss from income-producing property on Schedule A (Form 1040), line 16. (Do not include any loss on property used as an employee.) Identify as from "Form 4797, line 18a." See instructions
b Redetermine the gain or (loss) on line 17 excluding the loss, if any, on line 18a. Enter here and on Schedule 1 (Form 1040), Part I, line 4

Part III Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255 (see instructions)
Part III Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255 (see instructions)
Rows (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.)
a
b
c
d
20 Gross sales price (Note: See line 1a before completing.) -

21 Cost or other basis plus expense of sale. -

22 Depreciation (or depletion) allowed or allowable

23 Adjusted basis. Subtract line 22 from line 21.

24 Total gain. Subtract line 23 from line 20
Rows Property A Property B Property C Property D
20
21
22
23
24
25 If section 1245 property:
a Depreclation allowed or allowable from line 22
b Enter the smaller of line 24 or 25a
Rows Property A Property B Property C Property D
25a
25b
26 If section 1250 property: If straight line depreclation was used, enter -O- on line 26g, except for a corporation subject to section 291.
a Additional depreciation after 1975. See instructions
b Applicable percentage multiplied by the smaller of line 24 or line 26a. See instructions
c Suhtract line 289 trem ine 24. i residensa renisl properti or line 24 isn't more than line 26a, skip lines 26d and 26e
d Additional depreciation after 1969 and before 1976
e Enter smaller of line 24or line 26c or 26d
f Section 291 amount (corporations only)
g Add lines 26b. 26e, and 26f
Rows Property A Property B Property C Property D
26a
26b
26c
26d
26e
26f
26g
27 If section 1252 property: Skip this section if you didn't dispose of farmland or if this form is being completed for a partnership.
a Soil, water, and land clearing expenses
b Line 27a multipled by applcable percentage. See instructions
c Enter the smaller of line 24 or 27b
Rows Property A Property B Property C Property D
27a
27b
27c
28 If section 1254 property:
a Intangible drilling and development costs, expenditures for development of mines and other natural deposits. mining exploration costs, and depletion. See instructions
b Enter the smaller of line 24 or 28a
Rows Property A Property B Property C Property D
28a
28b
29 If section 1255 property:
a Applicable percentage ot payments excluded from income under section 126. See instructions..
b Enter the smaller of line 24 or 29a.
Rows Property A Property B Property C Property D
29a
29b
30 Total gains for all properties. Add property columns A through D, line 24
31 Add property columns A through D, lines 25b, 26g, 27c, 28b, and 29b. Enter here and on line 13
32 Subtract line 31 from line 30. Enter the portion from casualty or theft on Form 4684, line 33. Enter the portion from other than casualty or theft on Form 4797, line 6
Part IV Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less (see instructions)
Part IV Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less (see instructions)
Rows (a) Section 179 (b) Section 280F(b)(2)
33
34
35
Should be Empty:

Rows	Property A	Property B	Property C	Property D
26a
26b
26c
26d
26e
26f
26g

Rows	(a) Section 179	(b) Section 280F(b)(2)
33
34
35

Form 4797

Sales of Business Property(Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2))

Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty or Theft—Most Property Held More Than 1 Year (see instructions)

Part II Ordinary Gains and Losses (see instructions)

Part III Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255 (see instructions)

Part IV Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less (see instructions)