Form 4797, Deep Dive, Tax Planning, Sales Allocation, and More (Completed)
Date: Wednesday, July 8, 2026
Instructor: A.J. Reynolds
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Form 4797 often creates confusion for tax professionals—but mastering it is essential for accurate reporting and strategic tax planning. This course provides a comprehensive deep dive into IRS Form 4797, covering the sale or exchange of business and income-producing property.
You’ll learn how to determine whether a transaction results in capital gain or ordinary income, identify the correct property classifications (§1231, §1245, §1250), and complete the appropriate sections of the form. We’ll also explore sales price allocation, depreciation recapture, and tax planning strategies to help you confidently navigate complex transactions.
If you want to eliminate uncertainty and deliver accurate, proactive tax solutions, this session is a must-attend. Register now and gain the expertise to handle Form 4797 with confidence.
Who Should Attend
All Tax professionals wanting a better review of Form 4797 and the components relating to this Form.
Topics Covered
- Ascertain Sales Price and Calculate Basis
- Categorize transaction into appropriate parts on Form 4797
- §1231 Property
- §1245 Property
- §1250 Property
- Allocation options of Sale Transactions
- Difference of Depreciation recapture and Capital Gain
- Form 8594
- Tax Planning
- Partial Dispositions
- Settlement Statements
Learning Objectives
- Identify the different parts of Form 4797 and their specific purposes
- Determine when and how to use Form 4797 for reporting sales and exchanges
- Classify property correctly under §1231, §1245, and §1250 rules
- Apply tax planning strategies related to sales allocation and depreciation recapture
- Evaluate the tax consequences of capital gain vs. ordinary income
Level
Overview
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
