@ben.walke wrote:
On which tax form would I report my allowed depreciation associated with my sale? Essentially, where on my taxes do I indicate the recapture of the depreciation?
I sincerely hope you are using TurboTax as opposed to attempting to prepare your return manually. If you are using TurboTax, then you would just start with Sale of Home (gain or loss) in the Less Common Income section; you will be asked to input the amount of any depreciation you deducted (or were allowed to deduct).
Otherwise, you need to calculate your Unrecaptured Section 1250 gain using the IRS worksheet.
See https://www.irs.gov/instructions/i1040sd#idm140625220010576
Subsequently, you will use the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet unless, of course, Line 15 or Line 16 of Schedule D is zero or less and you have no qualified dividends on Form 1040, Line 3a or Form 1040, Line 10 is zero or less.
See https://www.irs.gov/instructions/i1040sd#idm140625219882368
