ordinary gain is different from 1250 gain. 1250 gain is depreciation recapture on real property that can be taxed as a special rate while ordinary gain is taxed as whatever tax bracket it happens to fall in. as previously stated, 1250 gain, a subpart of 1231 gain (long term capital gain), is taxed at whatever tax bracket you're in or 25% whichever is lower.
so in some case it makes no difference.
line 20AB section 751 ordinary income/gain looks like it would be zero because it affects basis and isn't showing up in your basis schedule.
you don't report the 1250 gain in the sales schedule. only on line 9c
the basis worksheet you got shows you had zero basis at the end of the year.
in short on the sales schedule just enter 0 as sales price and 0 as basis. that's it
