Form 4797 (2019) Page 2

Form 4797 (2019) Page 2

Summary: This is an example of Form 4797 (2019), page 2, as pertains to the estate described in the text. The completed line items are:

Under"Part III: Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255":
"19 (a) Description of section 1245, 1252, 1254, or 1255 property: A" field contains Commercial Real Estate--Building
"19 (b) Date acquired (month, day, year): A" field contains 07-01-2001
"19 (c) Date sold (month, day, year): A" field contains 07-01-2019
"20. Gross sales price (Note: See line 1 before completing.): Property A" field contains 280,000
"21. Cost or other basis plus expense of sale: Property A" field contains 275,000
"22. Depreciation (or depletion) allowed or allowable: Property A" field contains 120,000
"23. Adjusted basis. Subtracted line 22 from line 21: Property A" field contains 155,000
"24. Total gain. Subtract line 23 from line 20: Property A" field contains 125,000
"26g. Add lines 26b, 26e, and 26f: Property A" field contains 0
"30. Total gains for all properties. Add property columns A through D, line 24" field contains 125,000
"31. Add property columns A through D, lines 25b, 26g, 27c, 28b, and 29b. Enter here and on line 13" field contains 0
"32. Subtract line 31 from line 30. Enter the portion from casualty or theft on Form 4684, line 33. Enter the portion from other than casualty or theft on Form 4797, line 6"field contains 125,000