form-4797

What problem does it solve?

This Skill automates the complex workflow of Form 4797 dispositions, including calculating §1231, §1245, §1250 recapture, the 5-year lookback, and preparing downstream entries for Schedule D and Schedule 1, so the agent can produce an audit-grade draft ready for human review.

Core Features & Use Cases

• Audit-grade Form 4797 draft covering Part I–IV and recapture calculations.
• Handles 5-year lookback, §179 recapture in Part IV when applicable, and complex dispositions like rental real estate or depreciated equipment.
• Use case: a sole proprietor disposes of equipment or rental property and needs recapture and LTCG calculations.

Quick Start

Identify disposition details and generate a draft Form 4797 with correct Part I–IV entries.