Home > Calculator > 4797

Tax Form calculator

You are currently viewing Tax Form 4797 Fill in and Calculate Online. Use the Tax Form Calculator to calculate your Federal and State Tax Return. Updated with 2017/2018 tax tables.

Sponsored Links

Form 4797: Sales of Business Property

Use Tax Form 4797: Sales of Business Property as a stand alone tax form calculator to quickly calculate specific amounts for your 2017 tax return. Form 4797: Sales of Business Property is also integrated into our comprehensive US Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Sales of Business Property
(Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2))
Part I. Net Minimum Tax on Exclusion Items


11
Part I. Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty or Theft—Most Property Held More Than 1 Year (see instructions)
2(a) Description of property(b) Date acquired (mo., day, yr.)(c) Date sold (mo., day, yr.)(d) Gross sales price(e) Depreciation allowed or allowable since acquisition(f) Cost or other basis, plus improvements and expense of sale Subtract (f) from the sum of (d) and (e)
33
44
55
66
77
Partnerships (except electing large partnerships) and S corporations. Report the gain or (loss) following the instructions for Form 1065, Schedule K, line 10, or Form 1120S, Schedule K, line 9. Skip lines 8, 9, 11, and 12 below.
Individuals, partners, S corporation shareholders, and all others. If line 7 is zero or a loss, enter the amount from line 7 on line 11 below and skip lines 8 and 9. If line 7 is a gain and you didn’t have any prior year section 1231 losses, or they were recaptured in an earlier year, enter the gain from line 7 as a long-term capital gain on the Schedule D filed with your return and skip lines 8, 9, 11, and 12 below.
88
99
Part II. Ordinary Gains and Losses (see instructions)
10
1111
1212
1313
1414
1515
1616
1717
18For all except individual returns, enter the amount from line 17 on the appropriate line of your return and skip lines a and b below. For individual returns, complete lines a and b below:
a18a
b18b
Part III. Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255 (see instructions)
19 (a) Description of section 1245, 1250, 1252, 1254, or 1255 property:(b) Date acquired (mo., day, yr.)(c) Date sold (mo., day, yr.)
These columns relate to the properties on lines 19A through 19D. ▸Property AProperty BProperty CProperty D
2020
2121
2222
2323
2424
25If section 1245 property:
a25a
b25b
26 If section 1250 property: If straight line depreciation was used, enter -0- on line 26g, except for a corporation subject to section 291.
a26a
b26b
c26c
d26d
e26e
f26f
g26g
27If section 1252 property: Skip this section if you didn’t dispose of farmland or if this form is being completed for a partnership (other than an electing large partnership).
a27a
b27b
c27c
28If section 1254 property:
a20a
b28b
29If section 1255 property:
a28a
b29b
Summary of Part III Gains. Complete property columns A through D through line 29b before going to line 30.
3030
3131
3232
Part IV. Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less (see instructions)
(a) Section 179(b) Section 280F(b)(2)
3333
3434
3535

Tip: use the US Tax Calculator to edit your refundable and non-refundable tax credits including Form 4797: Sales of Business Property . Complete, Calculate, print and or save your tax calculation for later use.

Follow us on Facebook to be informed of the latest updates to the US Tax Form Calculator and our popular Tax and Finance Calculators.

Online Sales of Business Property , complete, calculate, print or save for later use. Tax Form Calculator