. 4797 Supplemental Schedule of Gains and Losses

Sales, Exchanges and Involuntary Conversions under Sections 1231, 1245, 1250, etc. 1973
Department of the Treasury
Internal Revenue Service To be filed with Form 1040, 1041, 1065, 1120, etc.—See Instruction A
Name. Identifying number as shown on page 1

of your return

Sales or Exchanges of Property Used in Trade or Business and/or Involuntary Conversions
| Part! | (Section 1231)

SECTION A.—Involuntary Conversions Due to Casualty and Theft (See Instruction D)

Kind of property (if Depreciation al- | cost of subsequent in
a. Kind of property (if necessary, i lepreciation al- | cost of subsequent im-
attach statement of descriptive b, Date acquired | _¢. Date sold 4. Gross sales. | jowed (or allowable)

details not shown below) (mo., day, yr.) | (mo., day, yr.) price since acquisition

8, Gain o (loss)
@ plus e less #)

tion) and expense of sale

2 Combine the amounts on line 1, enter here and also on the appropriate line as follows .
(a) For all returns, except partnership returns:
(1) If line 2 is zero or a gain, enter such amount in column g, line 3.
(2) Ifline 2 isa loss, enter the loss on line 5.
(b) For partnership returns: Enter the amount shown on line 2, on line 6, Schedule K (Form 1065).

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

4 Combine the amounts on line 3, enter here and also on the appropriate line as follows. . . . . .
(a) For all returns, except partnership returns:
(1) If line 4 is a gain, enter such gain as a long-term capital gain on the Schedule D (Form 1040, 1120, etc.) that is
being filed—see instruction D.
(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, on line 7, Schedule K (Form 1065).

Ordinary Gains and Losses

, , Gost or other basis,

Kind of property and tow acquired . Depreciation a!-
t b, Date acquired| ¢. Date sold | d. Gross sales © (Gat of subsequent or (loss)
(Catative détallsnot shows below)”. day, yt) | ., day, 9.) brice "Since aequation® | improvements and (i plus e'iess')
‘pense of sale

5 Amount, if any, from line 2a(2) 2 ee

6 Amount, if any, from line 4(@)(2) 2 6 ee

7 Gain, if any, from line 21. 2

9 Combine lines 5 through 8, enter here and also on the appropriate line as follows. . . . . . « +

(a) For all returns, 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 E, for specific line reference.

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

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

(2) Redetermine the gain or (loss) on line 9, excluding the loss i any) a entered on line 1 90)00. Enter
here and on line 30, Form 1040 .

16—82348-1


Form 4797 (1973) Page 2

Gain From Disposition of Property Under Sections 1245, 1250,
1251, 1252—Assets Held More than Six Months (See Instruction F)
Lines 18 and 19 should be omitted 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: Pale suid een
(A)

(E)

Correlate lines 10(A) through 10(E) Pr rt Pr Pre

Wit these columns” > bb b| (A) Oo” oO” oO ro”
11 Gross sales price . . -

12 Cost or other basis and expense of sale.
13 Depreciation allowed (or allowable) .
14 Adjusted basis, line 12 less line 13 .
15 Total gain, subtract line 14 from line 11.

16 If section 1245 property:
(a) Depreciation allowed (or allowable) after
applicable date (see instructions) .
(b) Line 15 or line 16(a), whichever is smaller

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

(b) Enter additional depreciation after
12/31/69 . woe

(c) Enter line 15 or line 170). whichever is
smaller. . 2

(d) Line 17(c) times applicable percentage
(see instruction F.4) .  -

(e) Enter excess, if any, of line 15 over
fine 17(b) se

(f) Enter line 17(a) or line 1700), wi whichever
is smaller...

(g) Line 17(f) times applicable percentage
(see instruction F.4) .

(h) Add line 17(d) and line 1718) .

18 If section 1251 property:
(a) If farmland, enter soil, water, and land
clearing expenses for current year and
the four preceding years .

(b) If farm property, other than land, sub.
tract line 16(b) from line 15; OR, if farm-
land, enter line 15 or line 18(a), which-
ever is smaller (see instruction F.5) .

(6) Excass deductions account (see instruc-
tin 5)... ee

(d) Enter line 18(b) or line 18(0), wh whichever
is smaller_. .
19 If section 1252 property:
(a) Enter soil, water, and land clearing ex-
penses made after 12/31/69.

(b) Enter amount from line 180), it anys
otherwise, enterazero. .

(6) Enter excess, i any, of line 19(2) over
line 19)...

(2) Line 19(c) times applicable percentage
(See instruction F.5)
(e) Line 15 less line 19(b) .
(8) Enter smaller of line 19(d) or line 19(e)
Summary of Part Ill Gains (Complete Property columns (A) through (E) up to line 19(f), before going to line 20)

20 Total of Property columns (A) through (E), line15 . . . . a

21 Total of Property columns (A) through (E), lines 16(b), 17(h), 18(@), 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 D and F.2) -
‘YC U.S. GOVERNMENT PRINTING OFFICE :1873—O-500-154 16—82348-1