TaxGuyBill
Level 15
12-07-2019
08:36 AM
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Somebody didn't like your answer.
@pamfisch Is there a taxable gain? If so, it regular 1250 Gain or is it truly "recapture" (depreciation in excess of straight-line, which is rather unusual for 1250 property)? Did you link the Asset Entry Worksheet to the 8824?
@pamfisch Is there a taxable gain? If so, it regular 1250 Gain or is it truly "recapture" (depreciation in excess of straight-line, which is rather unusual for 1250 property)? Did you link the Asset Entry Worksheet to the 8824?