IRS Form 4797 Sales of Business Property

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 4797 for the current year.

IRS Form 4797 Sales of Business Property

What Is IRS Form 4797?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.

FAQ

Q: What is IRS Form 4797?A: IRS Form 4797 is a tax form used to report the sale or exchange of business property.

Q: Who needs to file IRS Form 4797?A: Individuals or businesses who have sold or exchanged business property need to file IRS Form 4797.

Q: What information is required on IRS Form 4797?A: IRS Form 4797 requires information about the property sold or exchanged, the sale price, and any depreciation claimed on the property.

Q: When is IRS Form 4797 due?A: IRS Form 4797 is generally due on the same date as your income tax return, typically April 15th.

Q: Can IRS Form 4797 be filed electronically?A: Yes, IRS Form 4797 can be filed electronically using tax software or through the IRS's e-file system.

Q: Are there any penalties for not filing IRS Form 4797?A: Failure to file IRS Form 4797 can result in penalties and interest charges.

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Form Details:

  • A 2-page form available for download in PDF;
  • This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

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Download IRS Form 4797 Sales of Business Property

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