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 Form 4797 PDF Instructions for Form 4797 (Print version PDF) 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 Other current products Related publications About Publication 225, Farmer's Tax Guide About Publication 463, Travel, Gift, and Car Expenses About Publication 523, Selling Your Home About Publication 537, Installment Sales About Publication 541, Partnerships About Publication 544, Sales and Other Dispositions of Assets About Publication 550, Investment Income and Expenses About Publication 925, Passive Activity and At-Risk Rules About Publication 946, How to Depreciate Property
