Completing Form 8824 - Starker
exchanged a capital asset, or on Form 4797 line 5 or 16 if you exchanged a property used in a trade or business. Example 1: $15,000 (–) $2,000 = $13,000 Enter $13,000
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2021 Form 4797 - IRS tax forms
www.irs.govForm 4797 Department of the Treasury Internal Revenue Service Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2))
2021 Instructions for Form 4797 - IRS tax forms
www.irs.govrecaptured as ordinary income on Form 4797. Use Part III of Form 4797 to figure the amount of ordinary income recapture. The recapture amount is included on line 31 (and line 13) of Form 4797. See the instructions for Part III. If the total gain for the depreciable property is more than the recapture amount, the excess is reported on Form 8949.