Where do I enter Section 1250 Unrecaptured Gain?
Use screen 1250 - Unrecaptured Section 1250 Gain on the Assets-Sales-Recapture tab. It is available in both 1065 and 1120S packages.
1065
- The amount flows to the Form 1065, page 4, line 9c, generates statement and flows to each Partner's Schedule K-1, line 9c.
1120-S
- The amount flows to the Form 1120-S, page 3, line 8c, generates a statement, and flows to each Shareholder's Schedule K-1, line 8c.
1040 or 1041
Enter the amount reported by the pass-through entity on the applicable line of the K1P, K1S, or K1F screen.
Note: Entries on the 4797, D, or D2 screen(s) may generate a Wks 1250 when needed in a 1040 or 1041 return. Wks 1250 is not generated in a 1120-S or 1065 return.