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Depreciation Recaptured
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mywhit
Level 1
09-18-2024
04:54 PM
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Does Proseries not calculate my depreciation recapture amount? How do I enter the sale of a rental income property in Proseries so I can see the depreciation recapture amount or do I have to do it manually? I went to Form 4797 and I'm clearly doing something incorrectly.
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TaxGuyBill
Level 15
09-18-2024
04:58 PM
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If you are entering the sale on the Asset Entry Worksheet, ProSeries will calculate the correct gain, including the Unrecaptured Section 1250 Gain that is from the depreciation.
