a 4797 Supplemental Schedule of Gains and Losses

Sales, Exchanges and Involuntary Conversions under 1974
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 Identifying number as shown on page 1
of your return

WER Saalles 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 D)

b I f. Cost sr other basis,
fe. Depreciation al- | cost of subsequent im: ;
dy (c. Date sold 4. Gross sales | fowed (or allowable) | provements (if not put g. Gain of (loss)
(mo., day, yr.) price since acquisition | chased, attach explana. | (4 plus e less f)

ti expense of sale

a. Kind of property (If necessary,
attach” additional descriptive b. Date aca
details not shown below) (mo., day,

2 Combine the amounts on line 1. Enter here, and also 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 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 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 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 Schedule K (Form 1065), line 7.

Part Il Ordinary Gains and Losses

a. Kind of property (If necessary, Depreciation al | f- Cost or other basis,

attach additional descriptive b, Date acquired] c. Date sold | d. Gross sales [ised (or allowable) | c0st of subsequent £; Gain or (loss)
details not shown below) (mo., day, yr.) | (mo., day, yr.) price since acquisition improvements and @ plus e less f)
expense of sale
5 Amount, if any, from line 2(a)(2) 6 6 we
6 Amount, if any, from line 4(a)(2) 6 6 wee

7 Gain, if any, from line 21.
8

9 Combine lines 5 through 8, Enter here, and also 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 7 CL
the return (Form 1120, etc.) being filed. See instruction E for specific line reference.

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

on Schedule A (Form 1040) (see instruction E), 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 ey entered on line a. Enter
here and on Form 1040, line 30 . eri _. . oo. ew -

Form 4797 (1974)


Form 4797 (1974)

Page 2

cugilkg Gain From Disposition of Property Under Sections 1245, 1250, 1251,
1252—-Assets Held 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 acquired
(mo., day, yr.)

Date sold
(mo., day, yt.)

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

Property
(A)

Property
(B)

Property
(c)

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 11 less line 14. :

16

If section 1245 property:

(a) Depreciation allowed (or allowable) after
applicable date (see instructions) .

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

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 .

(e) Enter smaller of line 15 or 1700)

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

(6) Enter any excess of line 15 over line
17(b)

(0 Enter smaller of line 17(@) of 170)

(g) Line 17(f) times spplicable Percentage
(see instruction F.4) .
(h) Add tines 17(¢) and 17(@).

18

If section 1251 property:

(a) {f 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
farmland, enter smaller of line 15 or
18(a) (see instruction F.5). . .  .

(e) Excess deductions account (see instruc:
tion F.5) . :
(a) Enter smaller of line 18(b) of 18(0)

19

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

(b) Enter amount from fine 18(4), if none
enter a zero. . .

(c) Enter any excess of tne 390) over

line 19(b) .

(d) Line 19(c) times 5 applicable percentage
(see instruction F.5) . . .

(e) Line 15 less fine 19(b).

(f)_Enter smaller of line 19(d) or 19%)

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

20 Total of Property columns (A) through (E), line 15

21 Total of Property columns (A) through (E), lines 16(b), 17(h), 18(d), and 19(f). Enter here and on line7 .

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

‘¥ USS. GOVERNMENT PRINTING OFFICE :1974—O-548-250

EI 430814328