This refers to Turbotax Premier for 2022 Tax, in sale of rental property. I sold my rental home in 2022. A total gain of 2500 was realized = 1500 in capital gain +1000 in depreciation recapture
The problem is why the same total gain gives 2 different outcomes:
If I clicked on Type of Property
[Attention: the small arrow will appear if you move the cursor to the same line on the right, a series of different types of property will appear, and you click on the one you select]:
"I-Residential rental " The total 2500 is in capital gain line, while depreciation recapture line =0;
However, if I clicked:
"F-Rental furnishings" The total gain 2500 is divided into
1500 in capital gain line +1000 in depreciation recapture line.
Which outcomes for I or for F type is correct and why?
Thank you