Supplemental Schedule of Gains and Losses
rom 4797 re ©

(Includes Gains and Losses From Sales or Exchanges of Assets

OMB No. 1545-0184

Department of the Treasury Used in a Trade or Business and Involuntary Conversions) 1982
Internal Revenue Service To be filed with Form 1040, 1041, 1065, 1120, etc—See Separate Instructions 31
Name(s) as shown on return Identifying number

EET Sales or Exchanges of Property Used in a Trade or Business, and Involuntary Conversions From Other

Than Casualty and Theft—Property Held More Than 1 Year (Except for Certain Livestock)
Note: Use Form 4684 to report involuntary conversions from casualty and theft.
Caution: If you sold property on which you claimed the investment credit, you may be

liable for recapture of that credit. See Form 4255 for additional information.

e. Deprecia-
i 4, Gross sales | tion allowed | f. Cost or other g. LOSS
a. Kind of property b. Date acquired ¢. Date sold ross sales on aloe fost, .
2 plu (f minus the
and description (mo., day, yt.) (mo., day, yt.) expense of sale aie) improvements sum of d and e)

h, GAIN
(d plus e
minus )

y
2 (a) Gain, if any, from Form 4684, line25. . . Lo Loe Y

(b) Section 1231 gain from installment sales from Form 6252, line 21 0r29. 1... Yj
3 Gain, if any, from line 26, Part Ill, on back of this form from other than casualty and thet . . |Z

4 Add lines 1 through 3 in column g andcolumnh. . . . 2 e 2 ee ee ee ¢ )

5 Combine line 4, column g and line 4, column h. Enter gain or (loss) here, and on the appropriate line as follows:
(a) For all except partnership returns:
(1) If line 5 is a gain, enter the gain as a long-term capital gain on Schedule D. See instruction E.
(2) If line 5 is zero or a loss, enter that amount on line 6.
(b) For partnership returns: Enter the amount from line 5 above, on Schedule K (Form 1065), line 8.

Part Il Ordinary Gains and Losses

Kind of b : 4, Gross sales 4. Cost or other g. LOSS h. GAIN
a Ce ieesiemets | AGUA, | GRRS

6 Loss, if any, from line 5a)(2)- ee LT WM“

7 Gain, if any, from line 25, Part Ill on back of this form. . . . . . . - . ... . . (WWE

8 (a) Net gain or (loss) from Form 4684, lines 17 and 24a.

(b) Ordinary gain from installment sales from Form 6252, line 2002... Y V/
9 Other ordinary gains and losses (include property held 1 year or less): Wa

10 Add lines 6 through 9 in column gandcolumnh. . . 2 1 ee ee ee ee ee LEO)

11 Combine line 10, column g and line 10, column h. Enter gain or (loss) here, and on the appropriate line as follows:
(a) For all except individual returns: Enter the gain or (loss) from line 11, on the return being filed. See instruc-
tion F for specific line reference.

(b) For individual returns:
(1) If the loss on line 6 includes a loss from Form 4684, Part Il, column B(ii), enter that part of the loss here
and on line 24 of Schedule A (Form 1040). Identify as from “Form 4797, line 11(b)(1)”. . . .
(2) Redetermine the gain or (loss) on line 11, excluding the loss (if any) on line 11(b)(1). Enter here and on
Form 1040, line 15... se

For Paperwork Reduction Act Notice, see page 1 of separate instructions. 363-189-1 Form 4797 (1982)


Form 4797 (1982)

Page 2

Part Ill Gain From Disposition of Property Under Sections 1245, 1250, 1251, 1252, 1254, 1255

Skip lines 20 and 21 if you did not dispose of farm property or farmland, or if a partnership files this form.

Date acquired

12 Description of sections 1245, 1250, 1251, 1252, 1254, and 1255 property: (mo, day yt)

Date sold
(mo., day, yr.)

(D)

Relate lines 12(A) through 12(D) to these columns > > >

Property Property Property
(A) (B) (Cc)

13 Gross sales price minus expense of sale. . . «
14 Cost or other basis . .
15 Depreciation (or depletion) allowed | (or allowable) .

16 Adjusted basis, subtract line 15 from line 14. . .
17 Total gain, subtract line 16 from line 13...

18 If section 1245 property:
(a) Depreciation allowed (or allowable) after applicable
date (see instructions) . . soe
(b) Enter smaller of line 17 or jg@. i...

19 If section 1250 property: (if straight line depreciation used,
enter zero on line 19(f).)
(a) Additional depreciation after 12/31/75 .

(b) Applicable percentage times the smaller of line 17 or

line 19(a) (see instruction G.4). . . . . - .
(c) Subtract line 19(a) from line 17. If line 17 is not more

than line 19(a), skip lines 19(d) and 19(e). . . -
(d) Additional depreciation after 12/31/69 and before

VW/76 2 ww ee ee ee
(e) Applicable percentage times the smaller of line 19(c)

or 19(d) (see instruction G4). . 2. . 2. ee
(f)_Add lines 19(b), and 19(e) . _

20 If section 1251 property:
(a) If farmland, enter soil, water, and land clearing ex-
penses for current year and the four preceding years .
(b) If farm property other than land, subtract line 18(b)
from line 17; if farmland, enter smaller of line 17 or

20a)... . ee oe ee ee
(c) Excess deductions account (see instruction G.5) .
(d) Enter smaller of line 20(b) or 20(c). . . . -
21 If section 1252 property:
(a) Soil, water, and land clearing expenses. . . .

(b) Amount from line 20(d), if none enter zero . .

(c) Subtract line 21(b) from line 21(a). If line 21(b) is
more than line 21(a), enter zero .

(d) Line 21(c) times applicable percentage (see instruc:
tionG.5). 6 6 ee ee ee ee ee

(e) Subtract line 21(b) fromline17. . 2. ee ee
(f)_Enter_smaller of line 21(d) or 21(e). . - - .

22 If section 1254 property:
(a) Intangible drilling and development costs deducted
after 12/31/75 (see instruction G.6) . cone
(b) Enter smaller of line 17 or 22(a). . . .

23 If section 1255 property:
(a) Applicable percentage of payments excluded from in-
come under section 126 (see instruction G.7). . .
(b)_Enter the smaller of line 17 or 23(a). .§ - -

Summary of Part Ill Gains (Complete Property columns (A) through (D) through line 23(b) before goin;

ig to line 24)

24 Total gains for all properties (add columns (A) through (D), line 17). 6 6 6 2 ee ee ee

25 Add columns (A) through (D), lines 18(b), 19(f), 20(d), 21(f), 22(b) and 23(b). Enter here and on Part II, line 7.

26 Subtract line 25 from line 24. Enter the portion from casualty and theft on Form 4684, line 19; enter the Portion
from other than casualty and theft on Form 4797, Part |, line 3 .

Complete this Part Only if You Elect Out of the Installment Method And Report a Note or “Other Obligation

at Less Than Full Face Value

(J Check here if you elect out of the installment method.
Enter the face amount of the note or other obligation

Enter the percentage of valuation of the note or other o

igation >

US, GOVERNMENT PRINTING OFFICE : 1982 363-169

363-189-1