DianeW777
Expert Alumni

Business & farm

The maximum taxable gain is the $2,700 that is carried to Schedule 1.  The gain to the extent of Section 179 will be taxed as ordinary income and that is what is happening.  There would be no taxable amount that is greater than what you actually received for the sale. 

 

Since that is what is happening there is no need for concern over the other figures you see on Form 4797.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"