Sold a rental house for $16,000. Need help with Schedule D of 1040. Line 10 and Line 11 are causing my net gain to be $23,927. How is the net gain more than sold amount?

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If this is a rental property that you have owned for a while then you will have gain on recapture of depreciation even if you sold for lower than what you paid for the rental.

Trying to understand why my K-1 Form 1065 Line 5 Interest Earned amounts are being transferred to my schedule B and why they are not being offset by my passive losses.

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Sold a rental house for $16,000. Need help with Schedule D of 1040. Line 10 and Line 11 are causing my net gain to be $23,927. How is the net gain more than sold amount?

Sold a rental house for $16,000. Need help with Schedule D of 1040. Line 10 and Line 11 are causing my net gain to be $23,927. How is the net gain more than sold amount?

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Sold a rental house for $16,000. Need help with Schedule D of 1040. Line 10 and Line 11 are causing my net gain to be $23,927. How is the net gain more than sold amount?

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Sold a rental house for $16,000. Need help with Schedule D of 1040. Line 10 and Line 11 are causing my net gain to be $23,927. How is the net gain more than sold amount?

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