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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 4797
for the current year.
IRS Form 4797 Sales of Business Property
What Is IRS Form 4797?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on January 1, 2019. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 4797?
A: IRS Form 4797 is used to report the sales or exchanges of business property.
Q: Who needs to file IRS Form 4797?
A: Anyone who has sold or exchanged business property during the tax year needs to file IRS Form 4797.
Q: What is considered business property?
A: Business property can include assets such as machinery, equipment, buildings, and vehicles used for business purposes.
Q: How do I report the sales of business property on IRS Form 4797?
A: You need to provide details of the property sold, the date of sale, and the gain or loss on the transaction.
Q: What is the deadline for filing IRS Form 4797?
A: IRS Form 4797 is usually filed with your individual tax return, which is due on April 15th.
Q: Are there any special rules or requirements for filing IRS Form 4797?
A: Yes, there are specific rules for different types of business property and certain situations. It is advisable to consult a tax professional or refer to the IRS instructions for more information.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 4797 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 4797 Sales of Business Property
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