APPROVED. IN
ADDITION, YOUR REQUESTS FOR CONTINUED USE OF PRIOR VERSIONS OF THE
FORM AND TO OOPRINTING THE EXPIRATION DATE ON THE FORM ARE
GRANTED.
Inventory as of this Action
Requested
Previously Approved
09/30/1988
09/30/1988
10/31/1987
1,396,388
0
1,237,000
4,012,321
0
3,528,391
0
0
0
FORM 4797 IS USED BY TAXPAYERS TO
REPORT SALES, EXCHANGES OR INVOLUNTARY CONVERSIONS OF ASSETS, OTHER
THAN CAPITAL ASSETS, AND INVOLUNTARY CONVERSIONS OF CAPITAL ASSETS
HELD MORE THAN ONE YEAR. IT IS ALSO USED TO COMPUTE ORDINARY INCOME
FROM RECAPTURE AND THE RECAPTURE OF PRIOR YEAR SECTION 1231
LOSSES.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.