Publication 544: Sales and Other Dispositions of Assets;

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Form 4797 (2002) Page 2. Summary: This is a sample of Form 4797 (2003) Page 2 with the following line items completed:

Under “Part III: Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255”:

“19(a) Description of section 1245, 1250, 1252, 1254, or 1255 property:” field contains Store equipment

“19(b) Date acquired (month, day, year)” field contains 1-20-86

“19(c) Date sold (month, day, year)” field contains 3-16-03

“20. Gross sales price (Note: See line 1 before completing.)” field contains 3,000

“21. Cost or other basis plus expense of sale” field contains 6,000

“22. Depreciation (or depletion) allowed or allowable” field contains 6,000

“23. Adjusted basis. Subtract line 22 from line 21” field contains 0

“24. Total gain. Subtract line 23 from line 20” field contains 3,000

“25. If section 1245 property:”

“a. Depreciation allowed or allowable from line 22” field contains 6,000

“b. Enter the smaller of line 24 or 25a” field contains 3,000

“30. Total gains for all properties. Add property columns A through D, line 24” field contains 3,000

“31. Add property columns A through D, lines 25b, 26g, 27c, 28b, and 29b. Enter here and on line 13” field contains 3,000

“32. Subtract line 31 from line 30. Enter the portion from casualty or theft on Form 4684, line 33. Enter the portion from other than casualty or theft on Form 4797, line 6, column (g), and if applicable, column (h)” field contains 0