Wednesday, July 23 | 8:00 a.m. - 9:40 a.m. | Concurrent Session
Mastering Form 4797
2 CPE for AFSP, EA, CFP®, CPA, CRTP
Form 4797, Sales of Business Property, is the foundation for accurately reporting the sale or exchange of business-use property. This course guides tax professionals in classifying property under IRC §§1231, 1245 and 1250, and reporting the associated gains or losses. Through structured examples and step-by-step breakdowns, attendees will develop confidence beyond their software and gain a deeper understanding of the form’s flow and tax planning implications.
Objectives
Upon completion of this session, you will be able to:
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Classify property correctly under §§1231, 1245 and 1250 to apply the appropriate tax treatment
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Determine when the sale or exchange of business property must be reported on Form 4797
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Calculate depreciation recapture and understand its impact on taxable income
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Complete Form 4797 using hands-on examples and case studies
CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live
