You may omit
printing the expirataion date on this form. Also, you ma continue
to use previous versions of this form. Remarks entered 6/18/92 -
The changes requested in your ICW data June 5, 1992 are approved.
These changes consisted of the addition of new line 5 and 17, and
the addition of text on the limitation on Section 1244 losses.
Inventory as of this Action
Requested
Previously Approved
08/31/1994
08/31/1994
12/31/1991
1,396,388
0
1,396,388
84,621,113
0
84,006,702
0
0
0
FORM 4797 IS USED BY TAXPAYERS TO
REPORT SALES, EXCHANGES OR INVOLUNTA CONVERSIONS OF ASSETS, OTHER
THAN CAPITAL ASSETS, AND INVOLUNTARY CONVERSIONS OF CAPITAL ASSETS
HELD MORE THAN ONE YEAR. IT IS ALSO USE 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.