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How do I see the detailed calculation of unrecaptured section 1250 gain?

I am filling out Form1065 in TurboTax Business 2021 Desktop. It calculated a section 1250 gain on Line 9c of Schedule K, Form1065, Page 4 because I sold depreciated rental property.

I would like to see the details of that calculation, but I can't find it.  Right-clicking and going to Data Source says it comes from Form 4797, but that only gives me the amount on line 10. 

Any ideas?

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1 Best answer

Accepted Solutions
PatriciaV
Expert Alumni

How do I see the detailed calculation of unrecaptured section 1250 gain?

The amount on Schedule K-1 Line 9C (Unrecaptured Section 1250 gain) comes from the Asset Entry Wks for the sold asset (Depreciation deduction), multiplied by the Profit/Loss Percentage on Sch K-1, Line J. Section 1250 Gain is the total of current and accumulated depreciation from the Asset Entry Wks. There is no supporting schedule that shows this calculation, but you can see a summary of the sale calculations on form Addl 4797, p2.

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2 Replies
PatriciaV
Expert Alumni

How do I see the detailed calculation of unrecaptured section 1250 gain?

The amount on Schedule K-1 Line 9C (Unrecaptured Section 1250 gain) comes from the Asset Entry Wks for the sold asset (Depreciation deduction), multiplied by the Profit/Loss Percentage on Sch K-1, Line J. Section 1250 Gain is the total of current and accumulated depreciation from the Asset Entry Wks. There is no supporting schedule that shows this calculation, but you can see a summary of the sale calculations on form Addl 4797, p2.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do I see the detailed calculation of unrecaptured section 1250 gain?

I did an installment sale on a depreciated property so that is making the calculations more indirect.  I was hoping TurboTax would show me the numbers it used to arrive at the total, but that is apparently not visible. I was able to do my own calculation and get to the same result so all is good for me now.

Thanks for your help!

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