Follow-up comments:
- You have no recapture since there are no hot assets
- The Section 1250 recapture would have come into play if you had an overall capital gain. Since you don't, no impact.
- In the past you may have had at-risk limitations, but not sufficient details to address this.
- Just enter as reflected in my previous reply and you will be good to go.
*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.
