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 ...

Before diving in, study the 10-page Instructions for Form 4797, or hire an accountant well-versed in business tax law. References. IRS.gov: Schedule D -- Capital Gains and Losses; ...

Download forms 1040 and 4797, "Sales of Business Property," from the IRS website. Complete Form 1040 until you get to line 14, which requests information about business gains or losses, then ...

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 ...