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Sale of Business Property

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

Form 4797 part 2 - Ordinary Gain or Loss transactions

A partial list of transactions include: ordinary gains and losses from property held 1 year or less. Losses from qualifying abandonment of business or investment property. Losses of Section 1244 Small Business Stock Losses of Small Business Company Stock sales of Preferred Stock Deferred gain from Qualifying Electric Transmission Property

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