CLT1990FC
Level 1

Client sold a mostly fully depreciated rental house. I used the asset entry worksheet, completed section on disposal. Data pulled onto form 4797 part III.

However, the software keeps calculating the entire gain as a capital gain on schedule D, and is not pulling out the amount of accumulated depreciation from the asset entry worksheet to be taxed at recapture ordinary income rates... Am i missing something obvious here? 

Any help would be most appreciated! 

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