recapture of sec 1250 dep

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.

313

Level 9

Mar 8, 2021 4:03:07 PM

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.

Level 13

Mar 8, 2021 4:52:15 PM

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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recapture of sec 1250 dep