Re: How do I report recaptured depreciation on a property sold at a loss?

bfdorsey1 · ‎03-16-2022

very disappointing.

i was repeatedly told,

"Unrecaptured 1250 gain is not ordinary income. It is capital gain taxed at a maximum rate of 25%.

1245 gain is ordinary income." Which i knew and was the reason i was asking the question, "where to enter recaptured depreciation after the sale of a property in ProConnect?"

"Did you ever receive an answer to your recapture question on where to enter recaptured depreciation after the sale of a property in ProConnect?"

So, the answer to your question is NO. The response I received was absolutely worthless.