I am trying to enter an installment sale for a rental property I sold in 2017. I had an accountant do the last several years of returns, and would like to do them myself now.
When I enter this thru installment sales, it doesn't ask for depreciation, the only way I can get the gross profit margin correct is to subtract the depreciation. When the form 6252 is populated, the info in Part 1 is not the same as the year of sale, I am able to correct the fields to match the year of sale. The "big" problem is the amount from line 26 should be transferred to Schedule D line 19 (Unrecaptured Section 1250 Gain Worksheet), but it is not transferred. It is using the line 20 Qualified Dividends and Capital Gain Tax Worksheet, which is incorrect. I need to recapture the 1250 gains up to 25% to the amount of my depreciation, after that then the remaining gain is at the Qualified Dividends and Capital Gain rates. How do you get this corrected? I looked at the 1250 Unrecaptured Section 1250 Gain Worksheet and it is blank. I can add the amount but I have to override it. I'm told you cannot override things in Turbo Tax, if you do you can't e-file. I am using the Desktop CD download Home & Business.
Can you help??
