billr617
Level 3
03-03-2023
10:50 AM
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Thank you. My understanding is that depreciation recapture for the section 1250 gain is always 25%. In the past when doing sales, as long as I sold the assets on the depreciation schedule the 25% rate would populate. The program just does not seem to isolate that line on the home sale worksheet and separate it out for the 25% treatment; instead just taxing it all at the long term rates. Not sure if there is a work around or if I am not understanding the tax law. Thanks!