Skip to main content
Level 1
April 22, 2020
Question

On 1120 S i have 4,000 unrecaptured sect 1245 gain on line 17. it should flow to the 1040 as taxable ordinary income and it doesn't. what am i doing wrong?

  • April 22, 2020
  • 2 replies
  • 18 views
No text available
This topic has been closed for replies.

2 replies

dkh
Level 15
April 22, 2020

Can you be more specific - Line 17 of K-1?  

April 22, 2020

Can you clarify what you mean by "unrecaptured sect 1245 gain"?

Do you mean "recapture" the depreciation from 1245 property?

Or do you mean Unrecaptured 1250 gain?

Or something else?