Form 4797 is an IRS tax form. Entities use the form report gains from the sale or exchange of business property, including property used to generate rental income and property used for industrial ...

To oversimplify, Schedule D is for reporting capital gains and losses on investment property, such as stocks, bonds, and mutual funds. Form 4797 is for reporting the sale of capital assets, such ...

Please see the instructions for schedule D and form 4797 for the correct treatment and proper reporting by traders. Expenses of traders always go on schedule C. Gain or loss from securities never does ...