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4797 form 2011
4797 form 2011

Fillable 2011 Instruction 4797. Instructions for Form 4797, Sales of Business Property

Description

Line 7 of 7 000 10 000 net section 1231 losses minus the 3 000 that was applied against the 2011 net section 1231 gain are entered on line 8. The entire 2 000 net section 1231 gain on line 7 is treated as ordinary income and is entered on line 12 of Form 4797. The entire 2 000 net section 1231 gain on line 7 is treated as ordinary income and is entered on line 12 of Form 4797. For recordkeeping purposes the 4 000...
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