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First Requests Form

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Instructions and help about admissions propounded

all right for this video I want to go through a sample form 4797 for the 2023 tax year and in this example we're going to look at this rental real estate partnership entity that sold its residential rental property during the year so how do they record the sale uh and how do they record all the different types of income and gains that need to be recognized now the 4797 has two pages so we'll cover both pages on page two here we've got a lot of information and I've also added these tapes these footnotes here uh just showing some of the math so obviously none of these boxes get sent to the IRS but I've done this for us just so we can help Trace some of these numbers a bit better so this is part of the full 1065 so we'll go over the 4797 the 8825 uh where we put the rental income and expenses and then of course the 47.97 as well and and then I've also got just two slides here covering some background on the different types of gains u

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