Icon of program: IRS Form 4797

IRS Form 4797 for Windows

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Used IRS Form 4797 for Windows?

Editors’ Review

Download.com staff
This application is for reporting business property sales. It handles various types of property exchanges, involuntary conversions, and disposition of assets.

  • Pros

    • Reports sales of business and depreciable property.
    • Covers involuntary conversions of business assets.
    • Handles disposition of noncapital assets.
    • Reports gain or loss for partners and S-corp shareholders.
    • Computes recapture amounts for reduced business property use.

  • Cons

    • Does not report inventory sales.
    • Excludes property held for sale to customers.
    • Does not report casualty or theft conversions.
Icon of program: IRS Form 4797

IRS Form 4797 for Windows

Download now

Used IRS Form 4797 for Windows?

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Full Specifications

GENERAL
Release
Latest update
Version
2013
OPERATING SYSTEMS
Platform
Windows
Operating System
  • Windows 10
  • Windows 2003
  • Windows Vista
  • Windows 2000
  • Windows 98
  • Windows 7
  • Windows 8
  • Windows XP
  • Windows ME
  • Windows NT
Additional Requirements
None
POPULARITY
Total Downloads
168
Downloads Last Week
11
Report Software

Program available in other languages

Last Updated

Developer’s Description

By IRS
Report sales of business property.
Use Form 4797 to report:
  • The sale or exchange of: Property used in your trade or business; Depreciable and amortizable property; Oil, gas, geothermal, or other mineral properties; Section 126 property.
  • The involuntary conversion (from other than casualty or theft) of property used in your trade or business and capital assets held in connection with trade or business or a transaction entered into for profit.
  • The disposition of noncapital assets (other than inventory or property held primarily for sale to customers in the ordinary course of your trade or business).
  • The disposition of capital assets not reported on Schedule D.
  • The gain or loss (including any related recapture) for partners and S corporation shareholders from certain section 179 property dispositions by partnerships (other than electing large artnerships) 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.
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