coppens1
Returning Member

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