About Form 4797, Sales of Business Property


Use Form 4797 to report:

  • The sale or exchange of property.
  • The involuntary conversion of property and capital assets.
  • The disposition of noncapital assets. 
  • The disposition of capital assets not reported on Schedule D.
  • The gain or loss for partners and S corporation shareholders from certain section 179 property dispositions by
    partnerships and S corporations.
  • The computation of recapture amounts under sections 179 and 280F(b)(2) when the business use of section 179 or listed property decreases to 50% or less.
  • Gains or losses treated as ordinary gains or losses, if you are a trader in securities or commodities and made a mark-to-market election under Internal Revenue Code section 475(f).

Current Revision

Recent Developments

None at this time.

Other Items You May Find Useful

All Form 4797 Revisions

About Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return

About Form 4255, Recapture of Investment Credit

About Form 4684, Casualties and Thefts

About Form 6198, At-Risk Limitations

Additional Forms You May Find Useful

Other Current Products