recaptured and unrecaptured 1250 gain

[bandb]

in selling a rental, 27.5 sl, depreciation, when would you have recapture or unrecapture gain ?

[George4Tacks]

Personal residence? https://www.irs.gov/faqs/capital-gains-losses-and-sale-of-home/property-basis-sale-of-home-etc/prope...

[sjrcpa]

No recapture, but unrecaptured 1250 gain.

[bandb]

I am unsure about depreciation! At sale, is the entire building depreciation at 27.5 sl unrecaptured  at 25%

[George4Tacks]

Building should show on 4797 page 2, Part III lines 20-24. Line 26 should be blank = zero.

If entering through Depreciation - Sale of asset should be in Form 4797 Sales price - Miscellaneous Form 4797 part I, 1 for Complete disposition and 1 for 1250 about 2 entries lower.