Gloria,
I understand everything you said, except that on a 1250 property that used Straight line depreciation there is no recapture in the year of sale when using the installment method. Each year the amount on line 26 of the form 6252 is applied to the 1250 unrecaptured Gain until it is fully used(deprecitation) up then it goes to the capital gains rates.
My main issue/concern is by using the installment sale, as instructed, it is not reporting the gain under Schedule D line 19. This is incorrect, the 1250 unrecaptured gain worksheet is blank.
If there is another way to add the installment sale in turbo tax please advise.
