The sale of a trade or business for a lump sum is considered a sale of each individual asset rather than of a single asset. Use Form 4797 to report: The sale or exchange of property.The involuntary conversion of property and capital assets. Generally, gain from the sale or exchange of a capital asset held for personal use is a capital gain. According to the​ Schedule D instructions: Form to file your declaration of Special Inventory total yearly sales in the prior year. This article discusses the differences between stock sales and asset sales, but first, let's set out what qualifies in each category.