PatriciaV
Expert Alumni

Investors & landlords

From the On-Demand Tax Guidance under Dispositions on the Asset Worksheet: "The applicable percentage should always be 100% except for certain low-income rental housing described in IRC Section 1250(a)(1)(B). "

 

You can read a full discussion of Line 27 by right-clicking the yellow box for Line 27b and choosing "About 1250 Applicable Percentage."

 

@TaxFart 

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