Create Your Form 4797

1 Your details & applicable parts

Tax yearName(s) shown on the return *Return typeIdentifying number typeIdentifying number *

Use actual basis, depreciation and allowed gain / loss records after applicable limitations. Choose the parts that apply. Do not enter a Part III disposition again in a Part I / II sale row; its totals transfer automatically.

Section 1231 sales / other transfers · Part IOrdinary sales / other transfers · Part IIGain dispositions subject to recapture · Part IIIBusiness-use drop recapture · Part IV

Part IV can apply without a sale. No disposition date is required for that part.

2 Informational totals

1099 proceeds / partial MACRS dispositions Only if applicable · 1a–c

1099-B / 1099-S proceeds already included below · 1aPartial MACRS disposition gain already included below · 1bPartial MACRS disposition loss already included below · 1c

These disclose amounts already reported in the specified property rows. They are not added again to gain / loss totals.

3 Section 1231 property · Part I

Generally for qualifying business property held more than one year, excluding gain dispositions reported in Part III. Report only allowed amounts after applicable special rules. Four original slots are available; prepare additional forms for more properties.

Property 1 · 2

Include this property

Property 2 · 2

Include this property

Property 3 · 2

Include this property

Property 4 · 2

Include this property

Transfers from separately prepared forms Only if applicable

Form 4684, Line 39 gain · 3Form 6252 Section 1231 gain · 4Form 8824 Section 1231 gain / loss · 5

4 Ordinary gains & losses · Part II

Generally for property held one year or less and other ordinary transactions not already reported elsewhere. Report only allowed amounts after applicable special rules. Four original slots are available; prepare additional forms for more properties.

Property 1 · 10

Include this property

Property 2 · 10

Include this property

Property 3 · 10

Include this property

Property 4 · 10

Include this property

Transfers from separately prepared forms Only if applicable

Form 4684 ordinary gain / loss · 14Form 6252 ordinary gain · 15Form 8824 ordinary gain / loss · 16

5 Gain dispositions · Part III

Enter allowed gain and recapture records for up to four properties held more than one year, unless a specific exception applies. Use Part I / II for losses. Property classification, additional depreciation, corporate adjustments and applicable percentages come from your records / worksheets.

Property A

Include this recapture property

Property description · 19Acquisition entry

Date acquired · b

Date sold / disposed · cA specific special holding-period / classification rule applies; I verified it from my records.Main recapture provisionThis is a casualty / theft disposition.

Gross proceeds / insurance / amount realized · 20Unadjusted cost / other basis plus sale expense · 21Depreciation / depletion allowed or allowable · 22

Adjusted basis and gain are calculated once. Use the current instructions for all required basis increases / reductions and special dispositions.

Section 1255 excluded payments also apply.

Property B

Include this recapture property

Property description · 19Acquisition entry

Date acquired · b

Date sold / disposed · cA specific special holding-period / classification rule applies; I verified it from my records.Main recapture provisionThis is a casualty / theft disposition.

Gross proceeds / insurance / amount realized · 20Unadjusted cost / other basis plus sale expense · 21Depreciation / depletion allowed or allowable · 22

Adjusted basis and gain are calculated once. Use the current instructions for all required basis increases / reductions and special dispositions.

Section 1255 excluded payments also apply.

Property C

Include this recapture property

Property description · 19Acquisition entry

Date acquired · b

Date sold / disposed · cA specific special holding-period / classification rule applies; I verified it from my records.Main recapture provisionThis is a casualty / theft disposition.

Gross proceeds / insurance / amount realized · 20Unadjusted cost / other basis plus sale expense · 21Depreciation / depletion allowed or allowable · 22

Adjusted basis and gain are calculated once. Use the current instructions for all required basis increases / reductions and special dispositions.

Section 1255 excluded payments also apply.

Property D

Include this recapture property

Property description · 19Acquisition entry

Date acquired · b

Date sold / disposed · cA specific special holding-period / classification rule applies; I verified it from my records.Main recapture provisionThis is a casualty / theft disposition.

Gross proceeds / insurance / amount realized · 20Unadjusted cost / other basis plus sale expense · 21Depreciation / depletion allowed or allowable · 22

Adjusted basis and gain are calculated once. Use the current instructions for all required basis increases / reductions and special dispositions.

Section 1255 excluded payments also apply.

6 Gain / loss routing

Nonrecaptured net Section 1231 losses from the prior five years · 8

Use actual remaining prior losses not already recaptured. Partnerships / S corporations skip Lines 8, 9, 11 and 12 and report per their Schedule K instructions.

Individual casualty-loss allocation Only if applicable · 18a

Eligible Form 4684 Line 35(b)(ii) loss included in Line 11 · 18a

Only the qualifying income-producing-property loss goes separately to Schedule A. Exclude employee-use property. Line 18b removes this loss once from the ordinary total.

Part III residual casualty / theft gain is shown separately for Form 4684. Noncasualty residual transfers to Line 6. Unrecaptured Section 1250 capital gain and other required schedules are separate.

7 Business-use drop · Part IV

For applicable prior-year property whose qualified business use fell to 50% or less. This part does not require a sale. Do not duplicate listed-property recapture in both columns. Prepare separate property computations when more than one property is involved.

Section 179 · nonlisted property

Include this recapture column

Section 280F(b)(2) · listed property

Include this recapture column

Review & download

I verified actual allowed basis, depreciation, disposition and recapture records.I verified property classification, holding-period rules, prior Section 1231 losses and return routing.

Special rules / additional statements Only if applicable

I verified special acquisition / holding-period rules and will attach separate computations for multiple-property business-use recapture.

Both original pages and all white margins are included. Additional property forms, supporting returns, basis / recapture worksheets and statements are separate. No separate signature line appears on Form 4797. IRS filing and tax payments are not included.

By clicking Continue to checkout, you confirm you reviewed both original pages against your records.

A little treat for your next form.

1 Your details & applicable parts

2 Informational totals

3 Section 1231 property · Part I

Property 1 · 2

Property 2 · 2

Property 3 · 2

Property 4 · 2

4 Ordinary gains & losses · Part II

Property 1 · 10

Property 2 · 10

Property 3 · 10

Property 4 · 10

5 Gain dispositions · Part III

Property A

Property B

Property C

Property D

6 Gain / loss routing

7 Business-use drop · Part IV

Section 179 · nonlisted property

Section 280F(b)(2) · listed property

Review & download

Your Form 4797, ready to go.