On the property sale screen, it has blanks for ordinary gain and 1250 gain. Does the ordinary gain number also include the 1250 gain or list them separate and combined they equal my gain on the property sale?
Example
Sale price 50,000
expenses 1,000
Adjusted basis after depreciation recapture 10,000
My gain is 39,000
of which Ordinary income is 34,000
1250 Gain 5,000
Does the ordinary income get reflected as the total gain on the sale of 39,000?
