Please fill out an IRS 2017 Tax Form 4797: Sale ofBusiness Property based on the following informati

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Please fill out an IRS 2017 Tax Form
4797: Sale ofBusiness Property based on the following information:(Only parts that you can fill out with this information) JERRY is married filing jointly. 1. Sold stock in XYZ INC for 0, which was worthless. Jerry hadpreviously invested $550,000 in XYZ 5 years earlier. Good newshowever is that XYZ made a section 1244 election. 2. Jerry is self employed and has a plushy toy business. In June2017, the company sold one of its older trucks for $10,00. It wasbought in April 2014 for $15,000 with MACRS depreciation. . . .

 

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