Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Rental property sale under an installment, Section 1250 recapture
Rental property sale under an installment, Section 1250 recapture
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Gwen4
Level 1
03-19-2025
02:03 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am having trouble getting an installment sale to show up accurately on the return, and I'm wondering if someone can help. I've entered the information into the depreciation/disposition side, which populated the 6252, and my capital gain is reporting accurately. But its not showing up on the 4797. I know I need to recapture my depreciation. Where do I enter that depreciation amount so that it flows properly back? I entered the figure on the disposition screen at the box that says "Unrecapture 1250 (Override)", which made the calculation populate on the 4797, but the ordinary gain didn't. I'm at a loss. And the 2 questions down below that ask about "1=recapture above SL, "etc I have left blank as well as the one that says "Form 4797, part 1". Am I just not completing the form so that it all flows accurately? I would appreciate any help. Thank you.
