I haven't reported a property sale in over a decade. So my worksheets from back in the early 2000's are way, way, way outdated, meaning I can't use them for reference for the 2021 tax year. I can however, reference the SCH D and the 4797.
It looks like I would have to override the links from the home office asset sheets to Line 30 on the Home Sale worksheet to get both the Sec 1250 and Sec 1245 recapture in Line 30.
If you do an over ride, then two things will happen.
- You not be be able to e-file the return, and will have to print, sign and mail it.
- You will invalidate the 100% accuracy guarantee.
In your list of assets, you report the sale of each asset individually splitting your sales price across all assets. The SEC 1245 assets will be shown and individually listed in part III of the 4797, just as you have them listed in the Business Assets section of the SCH C.
