What is schedule 7497?
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New Member

What is schedule 7497?

On lineOn line #! on my return (in the middle of the page) it says sch 7497. What does that mean?
2 Replies
Level 15

What is schedule 7497?

Form 4797 on Schedule 1 (Part I, Line 4) of Form 1040?


Did you sell or dispose of any business property (or engage in a similar transaction)?


See https://www.irs.gov/forms-pubs/about-form-4797

Level 11

What is schedule 7497?

It is next to Line 1 on Form 1040, right?


The "SCH" means "Scholarship".  That is the amount of taxable Scholarships.

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