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Error in the handling of Sect 1250 recapture
Dear Sir/Madam, I have found what appears to be an error in the handling of Sect 1250 recapture. If you enter the information (including $35000 Straight line Deprec) to pg 2. Form 4797, and indicate on line 26a that no additional depreciation was taken, there should be no Sect 1250 recapture of the $35000 depreciation taken. Yet, on Sched D, line 19, the $35000 appears and recapture is taken.
Please explain. JC
Please explain. JC
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‎June 11, 2020
12:05 PM