The National Directory of
Certified Public Accountants

Ask A CPA - Sale of Business Property

1. Amount realized - Sale of business property

2. Basis - Sale of business property

3. Depreciable Real Property - Section 1250 - Form 4797

4. Depreciation Recapture - 1st year Bonus depreciation and or Sect. 179 Expensing

5. Depreciation Recapture as Ordinary Income - Sale of Personal Property

6. Disposition of a Group of Assets - basis allocation

7. Dispositions of Intangible Property

8. Fair market value - Sale of business property

9. Form 4797 part 3 transactions

10. Form 4797 part 1 - Section 1231 transactions

11. Form 4797 part 2 - Ordinary Gain or Loss transactions

12. Gain or Loss from Sales and Exchanges

13. Like kind exchange - Partnership Interest Does Not Qualify

14. Like-Kind Exchanges

15. Like-Kind Property

16. Long term - Holding period - Sale of business assets

17. Property sale - receiving payments in future years

18. Sale of Business Property - Section 1231 - Form 4797

19. Sale of Section 1245 property

20. Selling expenses on sale of property

21. The difference between a Sale and an Exchange

22. What are Business Assets?

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