Purpose of Form — 2025 Inst 4797 (PDF)

Use Form 4797 to report the following.

The sale or exchange of:

Real property used in your trade or business;
Depreciable and amortizable tangible property used in your trade or business (however, see Disposition of Depreciable Property Not Used in Trade or Business ,

later);

Oil, gas, geothermal, or other mineral properties; and
Certain cost-sharing payment property under section 126.

The involuntary conversion (from other than casualty or theft) of property used in your trade or business and capital assets held for more than 1 year in connection with a trade or business or a transaction entered into for profit (however, see Disposition of Depreciable Property Not Used in Trade or Business , later).

Where To Make First Entry for Certain Reported on This Form		Items
(a) Type of property	(a) Type of property	(b) Held 1 year or less	(c) Held more than 1 year
1 2 3 4 5 6	Depreciable tangible trade or business property: a Sold or exchanged at a gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Sold or exchanged at a loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciable real trade or business property: a Sold or exchanged at a gain. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Sold or exchanged at a loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Farmland held less than 10 years upon which soil or water expenses were deducted: a Sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Sold at a loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Real or tangible trade or business property which was deducted under the de minimis safe harbor All other farmland used in a trade or business Disposition of cost-sharing payment property described in section 126	Part II Part II Part II Part II Part II Part II Part II Part II Part II	Part III (1245) Part I Part III (1250) Part I Part III (1252) Part I Part II Part I Part III (1255)
7	Cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: a Sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Sold at a loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Raised cattle and horses sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . .	Held less than 24 months	Held 24 months or more
7	Cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: a Sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Sold at a loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Raised cattle and horses sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . .	Part II Part II Part II	Part III (1245) Part I Part I
8	Livestock other than cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: a Sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Sold at a loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Raised livestock sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Held less than 12 months	Held 12 months or more
8	Livestock other than cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: a Sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Sold at a loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Raised livestock sold at a gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Part II Part II Part II	Part III (1245) Part I Part I

Instructions for Form 4797 (2025) Catalog Number 13087T Jul 28, 2025 Department of the Treasury Internal Revenue Service www.irs.gov

The disposition of noncapital assets (other than inventory or property held primarily for sale to customers in the ordinary course of your trade or business).
The disposition of capital assets not reported on Schedule D.
The gain or loss (including any related recapture) for partners and S corporation shareholders from certain section 179 property dispositions by partnerships and S corporations.
The computation of recapture amounts under sections 179 and 280F(b)(2) when the business use of section 179 or listed property decreases to 50% or less.
Gains or losses treated as ordinary gains or losses, if you are a trader in securities or commodities and made a mark-to-market election under section 475(f).
Election to defer a qualified section 1231 gain (gains derived from the sale of property used in a trade or business) invested in a qualified opportunity fund (QOF).