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Unrecaptured Section 1250 Gain
I've always had some Unrecaptured Section 1250 Gain from various REIT brokerage investments. The amounts vary each year. When TT completed Schedule D in past years, It always chose to use the "Qualified Dividends and Capital Gain Tax Worksheet". However, for 2022, it chose to use the "Schedule D Tax Worksheet".
This was because I was required to complete the "Unrecaptured Section 1250 Gain Worksheet". Even though I've always had Unrecaptured Section 1250 Gains before, TT never required this worksheet.
What triggered needing it for 2022? Is there a dollar amount trigger or what?
Thanks for any replies!
‎February 28, 2023
7:42 AM