Purchase price was $.
Sale price was $.
Total amount allowed (deductions actually taken) was $.
Total amount of largest numbers comparing allowed and allowable was $.
Section 179 amount taken was $.

1. Adjusted Basis:

Purchase price: $

-

Greater of allowed or allowable:

-

Section 179 amount:

=

ADJUSTED BASIS: $

2. Gain/Loss:

Amount realized: $

-

Adjusted basis:

=

GAIN/LOSS: $

3. Recomputed Basis:

Adjusted basis: $

+

Lesser of amount allowed or allowable:

+

Section 179 amount:

=

RECOMPUTED BASIS: $

4. Determine § 1245 Amount

Amount realized: $

Recomputed basis: $

LESSER OF AR and RB: $

5. Calculate Ordinary Income or Loss Under § 1245

§ 1245 amount: $

-

Adjusted basis: $

§ 1245 ORDINARY INCOME/LOSS: $

6. Calculate § 1231 Gain or Loss on Sale

Gain: $

-

Ordinary income/loss: $

§ 1231 GAIN/LOSS $