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- Re: 0n Proseries form 1065 section 1250 sale depreciation recapture not right on schedule k or k-1's
0n Proseries form 1065 section 1250 sale depreciation recapture not right on schedule k or k-1's
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jeff jls
Level 1
02-11-2023
07:16 PM
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The partnership has always used SL depreciation. Property was sold and all the straight line depreciation is presented as Unrecaptured section 1250 gain on line 9c page 4 of form 1065. I believe that line should be blank. Any Idea what I could be doing wrong?
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sjrcpa
Level 15
02-11-2023
08:24 PM
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Unrecaptured Section 1250 gain is correct.
It's not the same as 1250 depreciation recapture you are apparently old enough to remember.
The more I know, the more I don't know.
sjrcpa
Level 15
02-13-2023
10:47 AM
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You're welcome.
The more I know, the more I don't know.
