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 ...

Form 6252: Installment Sale ... Form 4797: Sales of Business Property Definition: What It Is and How to File. Form 8962: Premium Tax Credit: What It Is and How to File. W-4: How to Fill Out the ...

Rather, it is reported on Part II of Form 4797 (or directly on Form 1040 if Form 4797 is not otherwise needed) where it will reduce ordinary income not subject to self-employment tax.

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 ...