2026278
How do you report recapture of Sec 1250 dep on installments sales carried from previous years. This is first year that I am using Turbo so there are no carryforwards set up.
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You will report recapture of Sce 120 depreciation on installment sales carried from previous years on Form 6252.
Here is a TurboTax article about installment sales.
Wait. How do you have Section 1250 recapture carryover?
All depreciation recapture is recognized in the year of sale so there can't be any carryover.
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Form 6252
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