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Form 38a

Form 38a

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Video instructions and help with filling out and completing Form 38a

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Instructions and help about Form 38a

all right for this video i wanted to cover how to prepare the irs form 4797 but specifically we want to cover how to report the sale of rental real estate property so the forum 4797 is used to report the sale of almost any kind of property that's being used in a trade or business and so specifically on this one i want to cover rental real estate so uh what i've got here are a couple slides that cover the rules and the fact fact patterns so we've got four so we're going to cover three fact patterns you can see at the bottom here and then i also have the 4797 examples so i've got one for each fact pattern so we'll walk through how each of these work so just some of the high level basic here so when you have real property so whether it's single-family homes like residential rental property apartments or commercial property if you are placing this into service to rent out tenants that is treated as property being used in that trade or

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