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Federal Free Printable 2018 Form 4797 for 2019 Federal Sales of Business Property

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Sales of Business Property
2018 Form 4797

Form 4797 Department of the Treasury Internal Revenue Service Sales of Business Property OMB No. 1545-0184 Attach to your tax return. Go to www.irs.gov/Form4797 for instructions and the latest information. ▶ ▶ Attachment Sequence No. Enter the gross proceeds from sales or exchanges reported to you for 2018 on Form(s) 1099-B or 1099-S (or substitute statement) that you are including on line 2, 10, or 20. See instructions . . . . . . . . Part I 1 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) (a) Description of property 2 (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (e) Depreciation allowed or allowable since acquisition (d) Gross sales price (f) Cost or other basis, plus improvements and expense of sale 3 4 Gain, if any, from Form 4684, line 39 . . . . . . . . . . . Section 1231 gain from installment sales from Form 6252, line 26 or 37 . 5 6 7 Section 1231 gain or (loss) from like-kind exchanges from Form 8824 . . . . . . . . . . . . . . Gain, if any, from line 32, from other than casualty or theft . . . . . . . . . . . . . . . . . Combine lines 2 through 6. Enter the gain or (loss) here and on the appropriate line as follows . . . . . . . Partnerships and S corporations. Report the gain or (loss) following the instructions for Form 1065, Schedule K, line 10, or Form 1120S, Schedule K, line 9. Skip lines 8, 9, 11, and 12 below. Individuals, partners, S corporation shareholders, and all others. If line 7 is zero or a loss, enter the amount from line 7 on line 11 below and skip lines 8 and 9. If line 7 is a gain and you didn’t have any prior year section 1231 losses, or they were recaptured in an earlier year, enter the gain from line 7 as a long-term capital gain on the Schedule D filed with your return and skip lines 8, 9, 11, and 12 below. 5 6 7 8 Nonrecaptured net section 1231 losses from prior years. See instructions . 8 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 27 Identifying number Name(s) shown on return 1 2018 (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ordinary Gains and Losses (see instructions) 3 4 9 10 Ordinary gains and losses not included on lines 11 through 16 (include property held 1 year or less): 11 12 13 Loss, if any, from line 7 . . . . . . . . . . . Gain, if any, from line 7 or amount from line 8, if applicable Gain, if any, from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 ( 12 13 14 15 16 Net gain or (loss) from Form 4684, lines 31 and 38a . . . . . Ordinary gain from installment sales from Form 6252, line 25 or 36 . Ordinary gain or (loss) from like-kind exchanges from Form 8824 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 16 17 18 Combine lines 10 through 16 . . . . . . . . . . . . . . . . . . . . . . . . . . For all except individual returns, enter the amount from line 17 on the appropriate line of your return and skip lines a and b below. For individual returns, complete lines a and b below. . . . . . . a 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), line 14 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 13086I (g) Gain or (loss) Subtract (f) from the sum of (d) and (e) ) 17 18a 18b Form 4797 (2018) Page 2 Form 4797 (2018) Part III 19 Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255 (see instructions) (a) Description of section 1245, 1250, 1252, 1254, or 1255 property: (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) Property C Property D A B C D These columns relate to the properties on lines 19A through 19D. ▶ 20 21 22 23 24 25 26 27 Gross sales price (Note: See line 1 before completing.) Cost or other basis plus expense of sale . . . . Depreciation (or depletion) allowed or allowable . . Adjusted basis. Subtract line 22 from line 21. . . . . . . 20 21 22 23 Total gain. Subtract line 23 from line 20 . . . . 24 If section 1245 property: a Depreciation allowed or allowable from line 22 . b Enter the smaller of line 24 or 25a. . . . . . . . . . 25a 25b If section 1250 property: If straight line depreciation was used, enter -0- on line 26g, except for a corporation subject to section 291. a Additional depreciation after 1975. See instructions . 26a b Applicable percentage multiplied by the smaller of line 24 or line 26a. See instructions. . . . . . . . 26b c Subtract line 26a from line 24. If residential rental property or line 24 isn’t more than line 26a, skip lines 26d and 26e d Additional depreciation after 1969 and before 1976. . e Enter the smaller of line 26c or 26d . . . . . . f Section 291 amount (corporations only) . . . . . g Add lines 26b, 26e, and 26f . . . . . . . . 26c 26d 26e 26f 26g 27a 27b 27c 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. . . . . . . 29 Property B 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 multiplied by applicable percentage. See instructions c Enter the smaller of line 24 or 27b . . . . . . 28 Property A 28a 28b If section 1255 property: a Applicable percentage of payments excluded from income under section 126. See instructions . . . b Enter the smaller of line 24 or 29a. See instructions . . 29a 29b Summary of Part III Gains. Complete property columns A through D through line 29b before going to line 30. 30 Total gains for all properties. Add property columns A through D, line 24 31 32 Add property columns A through D, lines 25b, 26g, 27c, 28b, and 29b. Enter here and on line 13 . . . . . . 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 . . . . . . . . . . . . . 30 31 32 Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less (see instructions) (a) Section 179 33 Section 179 expense deduction or depreciation allowable in prior years. . . . 34 35 Recomputed depreciation. See instructions . . . . . . . . . . . . . . Recapture amount. Subtract line 34 from line 33. See the instructions for where to report . . . . . . . . 33 34 35 (b) Section 280F(b)(2) Form 4797 (2018)
Extracted from PDF file 2018-federal-form-4797.pdf, last modified December 2018

More about the Federal Form 4797 Corporate Income Tax TY 2018

We last updated the Sales of Business Property in December 2018, so this is the latest version of Form 4797, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form 4797 directly from TaxFormFinder. You can print other Federal tax forms here.

Other Federal Corporate Income Tax Forms:

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Form 941 Employer's Quarterly Federal Tax Return
Form 1120-H U.S. Income Tax Return for Homeowners Associations
Form 9465 Installment Agreement Request
Form 4562 Depreciation and Amortization (Including Information on Listed Property)
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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 4797 from the Internal Revenue Service in December 2018.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal Form 4797

We have a total of eight past-year versions of Form 4797 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form 4797

2018 Form 4797

2017 Form 4797

2017 Form 4797

2016 Form 4797

2016 Form 4797

Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2)) 2015 Form 4797

2015 Form 4797

Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2)) 2014 Form 4797

2014 Form 4797

Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2)) 2013 Form 4797

2013 Form 4797

Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2)) 2012 Form 4797

2012 Form 4797

Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2)) 2011 Form 4797

2011 Form 4797


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