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 Form 4797 1996

1996-2025 Form

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Video instructions and help with filling out and completing Form 4797

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Instructions and help about Form 4797

all right for this form 4797 tutorial I want to go over a scenario where we have an S corporation that sells vehicles that it was using in its Trader business and so how are the vehicle sales reported on the 4797 what's the character of the gain or loss so I do have a 4797 in front of us uh pages one and two we'll go through these in more detail and it is part of the entire return so I do have the entire 1120s in front of us and so we might look at some some of the other Pages uh here that might be relevant okay now in addition to the 4797 I have an Excel workbook with the financial statements for the company again we won't go into these in too much detail because I just want to focus on the 4797 itself but we've got the financials and then a separate workbook here on the sale of one of the vehicles and this is because when we look at the fact pattern we'll find that the vehicle what wasn't 100 used for the business right there was some p

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