hp01
Level 2

Business & farm

I have been using TurboTax Business desktop version since I bought the business so all the depreciation info gets carried-over the years. When inputting the information into TurboTax that I have sold the business (along with price and all), it is automatically adding the gain as ordinary since it's recaptured gain. It is also adding this gain as QBI eligible in the forms. Do you think that is incorrect? and It would be capital gain?