Thanks so much. Two follow up questions.
1. The difference between sale and original costs then works out to 19,500
However Turbo tax then increased my tax bill by a bit over 13,000. This doesn't quite seem right (sale was over almost 20 years - so long term gain....
2. Another section then says if I have any unrecaptured section 1231 losses in the last 5 years (which I do), enter them by entering 1231 carryovers in the search field in the toolbar at the top of the screen. Then select find button on the next screen check the box for nonrecaptured section 1231 losses and select continue.
There is a search button - not at the top but middle top right - typing that in provides "help" and doesn't result in where this text describes. I'm at a loss of where to enter that info.
