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WebInformation about Form 4797, Sales of Business Property, including recent updates, related forms and instructions on how to file. Form 4797 is used to report the details of gains and losses from the sale, exchange, involuntary conversion, or disposition of certain business property and assets. WebFeb 10, 2024 · Capital gains taxes. If you sell an investment property for more than you paid for it, you'll owe capital gains tax. While homeowners can exclude up to $250,000 of the gain ($500,000 if you're ... pistol lilly app
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