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Get your taxes done using TurboTax
The amount on Schedule K-1 Line 9C (Unrecaptured Section 1250 gain) comes from the Asset Entry Wks for the sold asset (Depreciation deduction), multiplied by the Profit/Loss Percentage on Sch K-1, Line J. Section 1250 Gain is the total of current and accumulated depreciation from the Asset Entry Wks. There is no supporting schedule that shows this calculation, but you can see a summary of the sale calculations on form Addl 4797, p2.
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‎February 7, 2022
8:36 AM