Route sales and route businesses are actually more common than most people know.  If you've ever been in a grocery store or Walmart and watch the people stocking the shelves during the day, typically they're route salesman (sorry, person) for a brand (Pepperidge Farm, Planters, bread, etc.). The route itself is an intangible asset like customer lists, goodwill, etc. Therefore the sale is treated the same way.  Yes to Schedule 4797 and then P.S. will have it flow to the proper forms from there.