Form 4797 PDF form

Understand your document

What is Form 4797?

Form 4797 reports specified business-property dispositions and related recapture. Sale proceeds alone do not establish taxable gain. Asset basis, depreciation history, use, holding period and transaction type determine which entries and parts apply.

Records to gather

• Taxpayer identity and property description
• Acquisition and disposition dates and gross sales price
• Adjusted basis, selling expenses and depreciation history
• Determined gain/loss, recapture and any related tax-form information

Fields you will work through

The guided editor groups the supported fields into practical steps. The available fields follow the chosen revision.

Taxpayer

Name on tax return · Taxpayer identification number

Reported proceeds and partial dispositions

Proceeds reported on Forms 1099-B or 1099-S · Gain from partial asset dispositions · Loss from partial asset dispositions

Property 1

Property description · Date acquired · Date sold

Property 2

Property description · Date acquired · Date sold

Property 3

Property description · Date acquired · Date sold

Check before using your PDF

• Use adjusted basis supported by the asset ledger rather than original purchase cost alone.
• Verify ordinary/capital treatment and recapture independently; different parts of the form serve different transactions.

After you prepare the document

Connect the reviewed result to the appropriate return or schedule and retain transaction and asset records.