@drs289 wrote:
the gain is separated between depreciation recapture and long term capital gains.
Some articles only mention that the capital gains portion is eligible, while other articles say that unrecaptured Section 1250 gain, which is the depreciation recapture, is also eligible.
Unrecaptured Section 1250 Gain (gain due to straight-line depreciation) is NOT "recapture". As the phrase itself says, it is "unrecaptured".
Unrecaptured Section 1250 Gain is a Capital Gain.
Because it is a Capital Gain, it qualifies for Qualified Opportunity treatment.
