Section 15. Partnership Return of Income›3.24.15 Partnership Return of Income
Section 12 Form 4797 (Program 12200)
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
Elem. No.
Form 4797 Section 12 Data Element Name
Prompt
Fld. Term.
Instructions
(1)
Section Number
SECT:
Press enter if already present on the screen; otherwise, enter "12" .
(2)
Gross Proceeds
L1a $
Enter the amount from Line 1a.
(3)
Total Amount Gain
L1b $
Enter the amount from Line 1b.
(4)
Total Amount Loss
L1c $
Enter the amount from Line 1c.
(5)
Total Gain or Loss
L7 $
Enter the amount from Line 7.
(6)
Non-recaptured net Sect 1231 Losses from PY
L8 $
Enter the amount from Line 8.
(7)
Total Gain Less Non-Recapture Sect 1231 Losses
L9 $
Enter the amount from Line 9.
(8)
Total Ordinary Gain or Loss
L17 $
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(9)
Form 4684 Part 3 Property Held Total Loss
L18a $
Enter the amount from Line 18a.
(10)
Form 4797 Gain or Loss Minus F4684 Part 3 Property Held Total Loss
L18b $
Enter the amount from Line 18b.
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