Speaker: Alice Orzechowski, EA, CPA
CE: 1 IRS/CTEC
Price: Free for Members | $60 for Nonmembers

Form 4797 is the Swiss Army knife of tax forms—a wide variety of entirely different transactions are reported on this form, most of which involve the disposition of business assets. In this session, we will analyze each section of Form 4797 in detail as we work hands-on to correctly enter the sale(s) of asset(s) in the appropriate section. Code Sections 1231, 1245, 1250, and 197 will be discussed, along with how to properly enter the transaction in your tax software.

Learning Objectives:

• Understand Code Section 1231, 1245 and 1250 transactions
• Correctly report the sale of business assets
• Correctly report the sale of business real estate
• Identify how to report other business asset transactions on Form 4797

As part of NAEA’s Free CE offerings for members, this webinar provides valuable education at no cost.  Not a member yet? Become part of NAEA today to unlock access to this and a host of other exclusive benefits. Discover new opportunities, expand your knowledge, and elevate your career with NAEA! 

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