Question
1250 Unrecaptured Section Gain 25%
Hello,
Client has a depreciation recapture on which a tax of 25% is due for the sale of rental property. However, Schedule D Tax Worksheet in ProSeries is calculating a 'zero" tax on line 40. What do I need to do in ProSeries to have it calculate the 25% tax on depreciation recapture/.
Thank you very much.
Bessy
