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section 1250 gain

smroney
Level 1

How do I report the capital gain portion of the section 1250 gain along with the unrecaptured depreciation.

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3 Comments 3
George4Tacks
Level 15

Best to do the sale through the depreciation screen(s)

https://proconnect.intuit.com/community/form-8949/help/entering-a-bulk-sale-of-assets-in-lacerte/00/...

 


Here's wishing you many Happy Returns
qbteachmt
Level 15

Is this the same issue as your original topic here:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/section-1250-gain-on-fo...

No need to ask the same thing more than once, and you are already getting answers there.

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George4Tacks
Level 15

It can't be the same question. It is now a different program that is being queried.

There was some mention of Schedule K. Maybe @smroney could form a full and complete question including the software and the type of return they are working on.

 


Here's wishing you many Happy Returns
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