In the Form 4797,
Part I is empty except for "0" in the line items 6 and 7.
Part II is empty except for "0" in the line items 13, 17, and 18b.
Part III, the line item 19 has the address of the property sold with the dates accquired and sold.
there are values filled out in 20~24.
For example,
line 20: $100,000
line 21: $130,000
line 22: $30,000
line 23: $130,000
line 24: $0
I think the line item 22 "Depreciation" allowed or allowable is made up to be the difference between the line 20 and 21 such that the line 24 becomes 0.
Also following line items(26a,c,g, 30, 31, 32) have "0"
Hope this helped. -Overland
