Sale is $1,000

Remaining Cost Basis is $90,000

Sale $1,000 minus the basis $90,000 = $89,000 loss

As a Long Term Capital Loss, the Loss of $89,000 shows on the tax return.  How the LT Cap Gain Loss applies this year and/or possibly future years depends on the type of tax return:  Personal or Corporation return, etc.? Business and/or Rental property? No matter, there would be no recapture in this case and yes, from your base description, it is Section 1245 property (trade or business property).