IFB
Level 2
01-20-2022
05:44 PM
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Yes, I did report a sale on Part III of form 4797 on the partnership return. I entered -0- on line 26g because there should be no recapture of depreciation, but the program still puts the whole amount of the capital gain on the Schedule K, and then on the K-1's under both unrecaptured 1250 gain and section 1231 capital gain.