Form 4797 – Reporting the Sale of Rental Real Estate Property
Form 4797 is filed to report the sale of assets used in a trade or business. This sample video tutorial covers how to prepare Form 4797 for the sale of a rental property.
Form 4797 – How to Record Sale of Company Vehicles with Depreciation Recapture
Form 4797 is filed with an income tax return to report the sale of assets used in a trade or business. This example Form 4797 covers a scenario where the business sells company vehicles and has to account for depreciation recapture.
How to File IRS Form 4797 for the Sale of Business Use Vehicles
Businesses that sell their vehicles must generally report the gain or loss of the sale on Form 4797. This example looks at an S corporation that sold a business vehicle in 2022.
How to Complete IRS Form 4797 for the Sale of Rental Real Estate
The sale of property used in a trade or business is generally reported on Form 4797. This article and video tutorial cover Form 4797 reporting for the sale of rental real estate.
IRS Form 6252 Tutorial – Reporting Capital Gains Using the Installment Method
Taxpayers may sell assets and collect the gross proceeds on an installment basis. If eligible, the taxpayer may recognize the income under the installment method and report those amounts on Form 6252.