Frank Willingham has the following transactions during the year:Sale of office equipment on March 15 that cost $78,200 when purchased on July 1, 2017. Frank has claimed $15,640 in depreciation and sells the asset for $46,920 with no selling costs.Sale of land on April 19 for $166,800. The land cost $183,480 when purchased on February 1, 2008. Frank's selling costs are $33,360.Assume there were no capital improvements on either business asset sold. Frank's Social Security number is 924-56-5783.Complete Form 4797 to report the above gains or losses.Enter all amounts as positive numbers except for a "loss". If required, enter a "loss" as a negative number on the tax form. If an amount is zero, enter "0".Need help with (f) cost or other basis, plus improvements and expense of sale

Form 4797 (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b) (2)) Department of the 20 Treasury Internal Attach to your tax return. Attachme Revenue Service Go to www.irs.gov/Form4797 for instructions and Sequence the latest information. Name(s) shown on return Identifying number Frank Willingham 924-56-5783 Enter the gross proceeds from sales or exchanges reported to you for 2019 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) (a) (b) Date (c) Date sold (d) Gross (e) Depreciation (f) Cost or other basis, (g) Gain 2 Description acquired (mo., allowed or allowable of property day, yr.) (mo., day, yr.) sales price plus improvements and Subtract (f since acquisition expense of sale sum of (d Office equipment 07/01/17 03/15/19 46,920 15,640 C Land 02/01/08 04/19/19 166,800 C 3 Gain, if any, from Form 4684, line 39 . . 3