jeff jls
Level 1

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?

sjrcpa
Level 15

Unrecaptured Section 1250 gain is correct.

It's not the same as 1250 depreciation recapture you are apparently old enough to remember.


Ex-AllStar
jeff jls
Level 1

Thank you so much for teaching me something I did not know. 

sjrcpa
Level 15

You're welcome.


Ex-AllStar
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