Form 990 Exempt organization

[mircpa]

Hello everyone

I have a client for whom i am preparing 990, have this question about sale of automobile by this Not for profit, I am reporting sale of automobile on part I line 8, & part VII line 100 (Form 990), is this right approach, I dont think we are suppose to attach form 4797, this is from what i read, does anybody disagrees on this issue

thanks

[RoyDaleOne]

Well, Form 4797 is used to report the sale of business property and I would guess you are doing a non-profit, and possibly by definition does not have business property.

Now for a caveat, this may not be a complete answer and is not intent to be a complete dissertation on the matter.

[mircpa]

thanks Roydaleone

I really appreciate your response