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?
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?
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?
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