_ 4797 Supplemental Schedule of Gains and Losses

Sales, Exchanges and Involuntary Conversions under 1975
Department of the Treasury Sections 1231, 1245, 1250, 1251, and 1252
Internal Revenue Service To be filed with Form 1040, 1041, 1065, 1120, etc—See Separate Instructions
Name(s) as shown on return Identifying number
tl Sales or Exchanges of Property Used in Trade or Business, and Involuntary Conversions

(Section 1231)
SECTION A.—Involuntary Conversions Due to Casualty and Theft (See Instruction E)

kindof property Gf ». 1. | Egost or, oter basis,
a, Kind of property (if necessary, . Depreciation at- | cost of subsequent im:
attach additional descriptive , Date acquired) c. Dete sold 4d. Gross sales | jowed (or allowable) | provements (if not pur- &, Gain o (loss)
details not shown below) (mo., day, yr.) | (mo., day, yr.) price since acquisition | chased, attach explana. @ plus ¢ less f)
tion) and expense of sale|

2 Combine the amounts on line 1. Enter here, and on the appropriate line as follows. . . . . .

(a) For all except partnership returns:
(1) If line 2 is zero or a gain, enter such amount in column g, line 3.
(2) If line 2 is a loss, enter the loss on line 5.
(b) For partnership returns: Enter the amount shown on line 2 above, on Schedule K (Form 1065), line 6.

SECTION B.—Sales or Exchanges of Property Used in Trade or Business and Certain Involuntary Conversions (Not Reportable in Sec-
tion A) (See Instruction E)

4 Combine the amounts on line 3. Enter here, and on the appropriate line as follows .

(a) For all except partnership returns:

(1) If line 4 is a gain, enter such gain as a long-term capital gain on Schedule D (Form 1040, 1120, etc.) that is being filed. See
instruction E.

(2) If line 4 is zero or a loss, enter such amount on line 6.
(b) For partnership returns: Enter the amount shown on line 4 above, on Schedule K (Form 1065), line 7.

HEM Ordinary Gains and Losses

f. Cost or other basis,

a. Kind of property (if necessary, , fe. Depreciation al- | cost of subsequent im: i
attach additional descriptive b, Date acquired] c. Date sold | d. Gross sales | owed’ (or allowable) | provements (if not pur- | & Gain ot (los)
details not shown below) (mo., day, yr.) | (mo., day, yt.) price ‘since ‘acquisition | chased, attach explana

tion) and expense of sale}

5 Amount, if any, from line 2(a(2). 0...
6 Amount, if any, from line 4(a)(2). . . ee

7 Gain, if any, from page 2, line 21
8

9 Combine amounts on lines 5 through 8. Enter here, and on the appropriate line as follows

(a) For all except individual returns: Enter the gain or (loss) shown on line 9, on the line provided for on the _
return (Form 1120, etc.) being filed. See instruction F for specific line reference.

(b) For individual returns: DO
1) If the gain or (loss) on line 9, includes losses which are to be treated as an itemized deduction on //
q) g (loss) i Y

Schedule A (Form 1040) (see instruction F), enter the total of such loss(es) here and include on
Schedule A (Form 1040), line 29—identify as “loss from Form 4797, line 9(b)(1)" - .

(2) Redetermine the gain or (loss) on line 9, excluding the loss (if if any) entered on line 9(b)(1). Enter here
and on Form 1040, line 30 eo le

16—82504-1 Form 4797 (1975)



Form 4797 (1975)

Page 2

Part Ill Gain From Dispo:

ion of Property Under Sections 1245, 1250, 1251,

1252—Assets eld More than Six Months (See Separate Instructions)
Disregard lines 18 and 19 if there are no dispositions of farm property or farmland, or if this form is filed by a partnership.

10 Description of sections 1245, 1250, 1251, and 1252 property:

Date sold
(mo., day, yt.)

(E)

Relate lines 10(4) through 10(E) to these
columns > > >

Property
(A)

Property
(B)

Property
(D)

Property
(E)

11
12
13
14

15

Gross sales price. - . . + + +

Cost or other basis and expense of sale. . -
Depreciation allowed (or allowable)

Adjusted basis, line 12 less line 13.

Total gain, line lilesslinel4. . - -

16

If section 1245 property:
(a) Depreciation ‘liowed (or allowable) after r ape
plicable date (see instructions) .

(b) Enter smaller of line 15 or 16(a) . - --

17

If section 1250 property:
(a) Enter ational depreciation after 12/31/63
and before 1/1/70 .

(b) Enter additional depreciation after 12/31/69
(c) Enter smaller of line 15 or 17(b)

(d

Line 17(c) times applicable bercentage Gee
instruction G.4) .

(e) Enter any excess of line 16 over line 17(5) «
(f) Enter smaller of line 17(a) or 17(e) .

(e) Line 17( times applicable percentage. (see
instruction 6.4) :

(h) Add lines 17(d) and 17

18

If section 1251 property:

(a) If farmland, enter soil, water, and land clear-
ing expenses for current year and the four
preceding years . . . woe

(b) If farm property other than land, subtract line
16(b) from line 15; OR, if farmland, enter
smaller of line 15 or 18(a) (see instruction

(c) Bicess deductions account (see instruction
G5) ve

(da) Enter smaller of tine 18(b) or 18(0)

19

If section 1252 property:
(a) Enter soil, water, and land clearing expenses
made after 12/31/69... .

(b) Enter amount from ine 18(4), it one enter a
zo.
(e) Enter any excess af line 19(2) over line 19(6)
(A) Line 19(¢) times applicable percentage (see
instruction G5)... .

(e) Line 15 less line 19(b) . .
(f)__Enter smaller of line 19(d) or 19(e)

Summary of Part Ill Gains (Complete Property columns (A) through (E) through line 19(f) before going to line 20)

20 Total gains for all properties (add columns (A) through (E), line 15) .

21 Add columns. (A) through (E), lines 16(b), 17(h), 18(d), and 19(f). Enter here and on line 7 .

22 Subtract line 21 from line 20. Enter here and in appropriate Section in Part | (see instructions E and G.2) .

CUS, GOVERNMENT PRINTING OFFICE : 1975—-O-575-158

16—82508-1