---

@jw-rogers wrote:

@TaxGuyBill 

On 4797 p2, for lines 20 to 24 - If I enter sales price (oye which I found out was $9.5k). Cost was $15k.

Sum of recapture depreciation was $9494.

Adjusted basis is $5,506, gain of $3994.

 

---

At 90% (if that is the exact average percentage), the business sales price is $8550 (Line 20).

The unadjusted business Basis is $13,500 (Line 21).  Then you subtract the depreciation of $9494 (Line 22) and get an Adjusted Business Basis of $4006 (Line 23).

So the total business gain would be $4544 (Line 24), all of which is depreciation recapture.  So as long as the 4797 only shows the gain of $4544 (again, based on exactly 90% business use), you are good to go.