How do you tell ProSeries that a loss disposition of Sec 1250 property does not qualify as an ordinary loss on Form 4797?

[TaxGuyBill]

Why does it not qualify as an ordinary loss?

[margowalkercpa]

It is inherited investment property

[TaxGuyBill · Accepted solution]

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@margowalkercpa wrote:

It is inherited investment property

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If you ask a question, it helpful to have as much detail as possible.  What does "investment" property mean?

If it is a rental, the sale should be an ordinary loss on Form 4797.

If it was not a rental, the sale should be a capital loss on 8949/Schedule D.