Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Rental Real Estate Sale
Rental Real Estate Sale
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Joel V
Level 2
10-16-2023
04:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am on the Schedule E property disposition page and am trying to categorize the sale of the property as a 1250 sale, however, the only options in the dropdown box on line 2 in part 1 are 1231, 1252, 1254 and 1255. This seems to be messing with my depreciation recapture. How do I get the sale to flow through properly to part III of form 4797? Thank you.
Labels
2 Comments 2
IntuitRichard
Employee
10-16-2023
04:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
In most cases, a rental asset would be entered on the asset entry worksheet and the disposition information would be entered there. This should allow for 1250 recapture to be calculated correctly and allow the disposition to flow to part III of the 4797.
