Seems like TT Business must have a glitch. When I enter the disposition of an asset sold for a gain it correctly shows the depreciation recapture as an ordinary gain but also enters the difference between the purchase price and the selling price as a sec 1231 loss. How can one have a loss on something sold for a gain? To confirm my thinking I entered the same transaction in TT Home and Business and it did not show a 1231 loss. How do I work around this?
