Nadia Shalom has the following transactions during the year: Sale of office equipment on March 15 that cost $19,000 when purchased on July 1, 2016. Nadia has claimed $3,000 in depreciation and sells the asset for $13,000 with no selling costs. Sale of land on April 19 for $124,000. The land cost $132,000 when purchased on February 1, 2007. Nadia’s selling costs are $6,000. Assume there were no capital improvements on either business asset sold. Nadia’s Social Security number is 924­56­5783. Complete Form 4797 on Pages 8­45 and 8­46 to report the above gains or losses. 

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4797 Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under Šections 179 and 280F(b)(2)) OMB No. 1545-0184 Form 2018 Attach to your tax return. Attachment Department of the Treasury Internal Revenue Service Go to www.irs.gov/Form4797 for instructions and the latest information. Sequence No. 27 Name(s) shown on return Identifying number 1 Enter the gross proceeds from sales or exchanges reported to you for 2018 on Form(s) 1099-B or 1099-S (or substitute statement) that you are including on line 2, 10, or 20. See instructions Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty or Theft-Most Property Held More Than 1 Year (see instructions) () Cost or other basis, plus improvements and expense of sale (e) Depreciation (a) Gain or (loss) Subtract (f) from the sum of (d) and (e) (c) Date sold (mo., day, yr.) (d) Gross sales price allowed or allowable since acquisition (a) Description of property (b) Date acquired (mo., day, yr.) August 22, 2018 ENOT FILE 3 Gain, if any, from Form 4684, line 39 13 4 Section 1231 gain from installment sales from Form 6252, line 26 or 37. 5 Section 1231 gain or (loss) from like-kind exchanges from Form 8824 6 Gain, if any, from line 32, from other than casualty or theft 7 Combine lines 2 through 6. Enter the gain or (loss) here and on the appropriate line as follows Partnerships and S corporations. Report the gain or (loss) following the instructions for Form 1065, Schedule K, line 10, or Form 1120S, Schedule K, line 9. Skip lines 8, 9, 11, and 12 below. Individuals, partners, S corporation shareholders, and all others. If line 7 is zero or a loss, enter the amount from line 7 on line 11 below and skip lines 8 and 9. If line 7 is a gain and you didn't have any prior year section 1231 losses, or they were recaptured in an earlier year, enter the gain from line 7 as a long-term capital gain on the 8 Nonrecaptured net section 1231 losses from prior years. See instructions . 9 Subtract line 8 from line 7. If zero or less, enter -0-. If line 9 is zero, enter the gain from line 7 on line 12 below. If line 9 is more than zero, enter the amount from line 8 on line 12 below and enter the gain from line 9 as a long-term capital gain on the Schedule D filed with your return. See instructions 8. Part II Ordinary Gains and Losses (see instructions) 10 Ordinary gains and losses not included on lines 11 through 16 (include property held 1 year or less): 11 Loss, if any, from line 7. 11 12 Gain, if any, from line 7 or amount from line 8, if applicable 13 Gain, if any, from line 31 14 Net gain or (loss) from Form 4684, lines 31 and 38a 15 Ordinary gain from installment sales from Form 6252, line 25 or 36 16 Ordinary gain or (loss) from like-kind exchanges from Form 8824 17 Combine lines 10 through 16 . 12 13 14 15 16 17 18 For all except individual returns, enter the amount from line 17 on the appropriate line of your return and skip lines a and b below. For individual returns, complete lines a and b below. a lf the loss on line 11 includes a loss from Form 4684, line 35, column (b)(i1), enter that part of the loss here. Eter the loss from income-producing property on Schedule A (Form 1040), line 16. (Do not include any loss on property used as an employee.) Identify as from "Form 4797, line 18a." See instructions. .. b Redetermine the gain or (loss) on line 17 excluding the loss, if any, on line 18a. Enter here and on Form 1040, line 14 18a 18b For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 130861 Form 4797 (2018)