About Form 4797, Sales of Business Property - IRS tax forms-2025

See details

4.7 out of 5

33 votes

Form 4797 is used for reporting the sales of business property, including involuntary conversions and recapture amounts under specific tax sections. It requires taxpayers to report gross proceeds from sales, gains or losses from property exchanges, and details about depreciation. The form is essential for individuals, partnerships, and corporations to accurately report capital gains or losses on their tax returns.

Here's how it works

01. Edit your 2022 form 4797 online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send form 4797 via email, link, or fax. You can also download it, export it or print it out.

How to quickly redact About Form 4797, Sales of Business Property - IRS tax forms online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is the greatest editor for updating your forms online. Adhere to this straightforward guide to redact About Form 4797, Sales of Business Property - IRS tax forms in PDF format online at no cost:

Register and log in. Create a free account, set a secure password, and proceed with email verification to start managing your templates.
Add a document. Click on New Document and choose the file importing option: upload About Form 4797, Sales of Business Property - IRS tax forms from your device, the cloud, or a protected link.
Make changes to the sample. Utilize the upper and left panel tools to redact About Form 4797, Sales of Business Property - IRS tax forms. Insert and customize text, images, and fillable areas, whiteout unneeded details, highlight the significant ones, and comment on your updates.
Get your paperwork accomplished. Send the form to other individuals via email, create a link for faster file sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail added.

Discover all the advantages of our editor today!

See more About Form 4797, Sales of Business Property - IRS tax forms versions

We've got more versions of the About Form 4797, Sales of Business Property - IRS tax forms form. Select the right About Form 4797, Sales of Business Property - IRS tax forms version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.6 Satisfied (38 Votes)
2022	4.7 Satisfied (33 Votes)
2021	4.8 Satisfied (71 Votes)
2020	4.4 Satisfied (199 Votes)
2019	4.4 Satisfied (79 Votes)
2018	4.1 Satisfied (80 Votes)
2017	4.2 Satisfied (65 Votes)
2016	4.3 Satisfied (185 Votes)
2015	4 Satisfied (54 Votes)
2014	4 Satisfied (47 Votes)
2013	4.3 Satisfied (67 Votes)
2012	4.1 Satisfied (26 Votes)
2011	4.1 Satisfied (56 Votes)
1996	4 Satisfied (22 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do I use form 4797 or 8949 for sale of rental property?

Answer: Report the gain or loss on the sale of rental property on Form 4797, Sales of Business Property or on Form 8949, Sales and Other Dispositions of Capital Assets depending on the purpose of the rental activity.

What is a 4797 sale of business property?

Form 4797 is a tax form distributed by the Internal Revenue Service (IRS). Form 4797 is used to report gains made from the sale or exchange of business property, including property used to generate rental income, and property used for industrial, agricultural, or extractive resources.

How do I use Form 8949?

Use Form 8949 to reconcile amounts that were reported to you and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts you report on your return. The subtotals from this form will then be carried over to Schedule D (Form 1040), where gain or loss will be calculated in aggregate.

How are capital gains calculated on sale of business property?

Subtract your basis (what you paid) from the realized amount (how much you sold it for) to determine the difference. ○ If you sold your assets for more than you paid, you have a capital gain. ○ If you sold your assets for less than you paid, you have a capital loss.

How do I know if I need Form 8949?

Corporations and partnerships use Form 8949 to report the following. The sale or exchange of a capital asset not reported on another form or schedule. Gain or loss on the sale or exchange by a foreign corporation of an interest in a partnership that is engaged in a U.S. trade or business.

irs form 4797

About form 4797 sales of business property irs tax forms pdf Form 4797 instructions About form 4797 sales of business property irs tax forms 2021 About form 4797 sales of business property irs tax forms 2020 form 4797, sale of rental property example Form 4797 example Form 4797 PDF How to report sale of business on tax return

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What is the difference between form 4797 and 8594?

Form 4797, Sales of Business Property, for each year you sell or exchange property used in your business. You also need to file this form if closing your business causes the business use of an eligible property under Section 179 to drop to 50% or less. Form 8594, Asset Acquisition Statement, if you sell your business.

About Form 4797, Sales of Business Property - IRS tax forms-2025

Here's how it works

How to quickly redact About Form 4797, Sales of Business Property - IRS tax forms online

See more About Form 4797, Sales of Business Property - IRS tax forms versions

Complete this form in 5 minutes or less

Got questions?

Do I use form 4797 or 8949 for sale of rental property?

What is a 4797 sale of business property?

How do I use Form 8949?

How are capital gains calculated on sale of business property?

How do I know if I need Form 8949?

Complete this form in 5 minutes or less

People also ask

What is the difference between form 4797 and 8594?

4797 2022

Try more PDF tools