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Publication 544 Schema: tipx Leadpct: 100% Pt. size: 8 (Init. & Date) _______
Cat. No. 15074K Contents
Department Sales and Other Future Developments . . . . . . . . . . . . 1
of the Important Reminders . . . . . . . . . . . . 1
Treasury
Internal Dispositions of Introduction . . . . . . . . . . . . . . . . . . 2
Revenue
Service Assets Chapter 1. Gain or Loss . . . . . . . . . . . . . . . . . . . 2 2
Sales and Exchanges .
Partial Dispositions of MACRS
Property . . . . . . . . . . . . . . . . 5
Abandonments . . . . . . . . . . . . . . 5
For use in preparing Foreclosures and . . . . . . . . . . . 5
Repossessions .
Involuntary Conversions . . . . . . . . . 6
2022 Returns Nontaxable Exchanges . . . . . . . . . . . . . . . . . 11
Transfers to Spouse .
18
Gains on Sales of Qualified
Small Business Stock . . . . . . . 18
Exclusion of Gain From Sale of
DC Zone Assets . . . . . . . . . . 19
Special Rules for Qualified
Opportunity Zone Funds
(QOFs) . . . . . . . . . . . . . . . 19
Chapter 2. Ordinary or Capital
Gain or Loss . . . . . . . . . . . . . . 19
Capital Assets . . . . . . . . . . . . . 20
Noncapital Assets . . . . . . . . . . . 20
Sales and Exchanges Between
Related Persons . . . . . . . . . . 20
Other Dispositions . . . . . . . . . . . 22

Chapter 3. Ordinary or Capital
Gain or Loss for Business
Property . . . . . . . . . . . . . . . . 26
Section 1231 Gains and Losses . . . 26
Depreciation Recapture . . . . . . . . 27
Chapter 4. Reporting Gains
and Losses . . . . . . . . . . . . . . 33
Information Returns . . . . . . . . . . 34
Schedule D and Form 8949 . . . . . . 34
Form 4797 . . . . . . . . . . . . . . . 36
How To Get Tax Help . . . . . . . . . . . 36

Index . . . . . . . . . . . . . . . . . . . . . 40

Future Developments
For the latest information about developments
related to Pub. 544, such as legislation enacted
after it was published, go to IRS.gov/Pub544.

Important Reminders

Gains from sale of empowerment zone as-
sets. The election to roll over gain from the
sale of empowerment zone assets does not ap-
ply to sales in tax years beginning after Decem-
ber 31, 2020.
Dispositions of U.S. real property interests
Get forms and other information faster and easier at: by foreign persons. If you are a foreign per-
• IRS.gov (English) • IRS.gov/Korean (한국어) son or firm and you sell or otherwise dispose of
• IRS.gov/Spanish (Español) • IRS.gov/Russian (Pусский) a U.S. real property interest, the buyer (or other
• IRS.gov/Chinese (中文) • IRS.gov/Vietnamese (Tiếng Việt) transferee) may have to withhold income tax on

Feb 7, 2023