Form 4797

[bandb]

I am a long time user of Pro Series, changing this year to ProConnect. I am experimenting with their trial tax return. When selling rental property in Pro Series, inputs would be in Asset Entry . In ProConnect, I entered sale in Dispositions. On Form 4797, depreciation taken is shown in the section 1245 section.  For real property. shouldn't depreciation be in the section 1250 section?

[TaxGuyBill]

Is the Recovery Period 27.5, 30, 39 or 40 years?

Any Section 179 or anything weird like that?

If your answers are "yes" and then "no", you are correct.  It might be a weird ProConnect thing that you need to figure out some box to check (sorry, I'm a ProSeries user, so I can't help you there).

[George4Tacks]

This might help

Also use the search on this site and select the product to get an Article - I used "sale of asset" for ProConnect to get

https://accountants.intuit.com/support/en-us/help-article/form-8949/entering-sale-disposition-assets...