caisson1
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I'm sorry, my original post says line 26 and that's a typo. I meant line 21.
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Thank you for your response, but I'm sorry, that doesn't answer my question. I do not use Schedule E as that's for rentals. This is an installment sale. Form 62...
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@tj-21Youranswer looks correct regarding no recapture of depreciation in the year of the installment sale, when a straight line depreciation was used for a sect...
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In reference to tj-21's comment, it seems selling section 1250 property on an installment sale which used straight line depreciation does not recapture deprecia...
Activity Feed for caisson1
- Cheered Re: 6252 installment sale income other than principal for Critter-3. February 14, 2022 5:32 PM
- Posted Re: 6252 installment sale income other than principal on Get your taxes done using TurboTax. February 12, 2022 10:30 AM
- Posted Re: 6252 installment sale income other than principal on Get your taxes done using TurboTax. February 12, 2022 10:28 AM
- Posted 6252 installment sale income other than principal on Get your taxes done using TurboTax. February 11, 2022 1:18 PM
- Posted Re: How to enter an installment sale of a Rental property, which was sold in a prior year (2017 n... on Investors & landlords. April 16, 2021 5:27 AM
- Cheered Re: How to enter an installment sale of a Rental property, which was sold in a prior year (2017 n... for tj-21. April 16, 2021 4:45 AM
- Cheered Re: How to enter an installment sale of a Rental property, which was sold in a prior year (2017 n... for DaveF1006. April 1, 2021 3:43 PM
- Posted Re: How to enter an installment sale of a Rental property, which was sold in a prior year (2017 n... on Investors & landlords. April 1, 2021 7:23 AM
- Cheered Re: How to enter an installment sale of a Rental property, which was sold in a prior year (2017 n... for ReneeM7122. April 1, 2021 5:51 AM
- Cheered Re: How to enter an installment sale of a Rental property, which was sold in a prior year (2017 n... for gloriah5200. April 1, 2021 5:50 AM
- Cheered Re: recapture of sec 1250 dep for Rick19744. April 1, 2021 5:25 AM