Form 4797 is used to report the sale or exchange of business property, involuntary conversions, and recapture amounts under sections 179 and 280F(b)(2). The form includes sections for reporting sales or exchanges of property used in a trade or business, ordinary gains and losses, gains from disposition of property under specific sections, and recapture amounts when business use drops to 50% or less. The form is largely unfilled with placeholders for property descriptions, dates, and financial amounts.
documents/EFTA01222714.pdf
{}