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@puravidapto wrote:

Purchase date: 01/01/2013
Building: 800k
Depreciation taken: 600k

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Can we back up a bit?  How was a building 3/4 depreciated in less than 10 years?  Unless there are unusual circumstances, something seems wrong.

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@puravidapto wrote:

- capital gain of 100k for the land in part I of form 4797
- capital gain of 400k for the building in part III of form 4797
- section 1250 gain for the building depreciation in part III of form 4797?

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Yes.

No, the "total gain" from the building on line 24 is $1,000,000.  However, the depreciation seems questionable, so that needs to be figured out first.

For the 1250 gain ... we need to clarify how they claimed $600,000 of depreciation in only 10 years.