Thank you for the help! Yes, in the last 24 hrs., I've learned about recapture (and it definitly hurts - haha). However, In my case (using rough numbers) - my recapture was $70k....my gain was $120k. Yet it is entered on 1040 line 7a as $190k. Is that correct? It just increased my taxable income by $190k at my bracket which is higher than both recapture or capital gains. Unless TT does some behind the curtain calculating that I don't know about....in which case, how do I verify it?
Thanks!!!
Tim
