Form 4797 Sales of Business Property 2012

Summary: This is an example of Form 4797 (2012) as pertains to the text. The completed line items are:

Name(s) shown on return field contains Charles and Lily Woods
Identifying number field contains 123-00-4567
UnderPart I: Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty or Theft--Most Property Held More Than 1 Year (see instructions):
- 2(a) Description of property field contains Section 1231 Assets Activity A
- 2(b) Date acquired (month, day, year) field contains 01-05-04
- 2(c) Date sold (month, day, year) field contains 01-08-12
- 2(d) Gross sales price field contains 6,000
- 2(f) Cost or other basis, plus improvements and expense of sale field contains 3,224
- 2(g) Gain or (loss) Subtract (f) from the sum of (d) and (e) field contains 2,776
- 7. Combine lines 2 through 6. Enter the gain or (loss) here and on the appropriate line as follows: field contains 2,776