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Business & farm
Your facts don't make sense, so hopefully after addressing @AmeliesUncle questions, things will be clearer.
But to add some commentary, the section 1250 gain is not additional gain. This is a portion of the gain that will be subject to a 25% tax rate (unrecaptured Section 1250 gain).
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎February 5, 2023
4:49 PM