Discussion:Unrecaptured 1250 Gain
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| Revision as of 21:32, 18 September 2006 Tonyryancpa (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 21:51, 18 September 2006 Scot1 (Talk | contribs) (Where did the 47) Next diff → |
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| {{ForumNewPost|UserID=Tonyryancpa|Date=18 September 2006|Text=Taxpayer had a $444 unrecaptured 1250 gain reported to him by ML. Because his Schedule D had a loss on lines 15 & 16, the $444 never appeared on Line 19 of Sch D. The IRS then sent the taxpayer a notice and said it was including the $444 as ordinary income. | {{ForumNewPost|UserID=Tonyryancpa|Date=18 September 2006|Text=Taxpayer had a $444 unrecaptured 1250 gain reported to him by ML. Because his Schedule D had a loss on lines 15 & 16, the $444 never appeared on Line 19 of Sch D. The IRS then sent the taxpayer a notice and said it was including the $444 as ordinary income. | ||
| Has anyone had a similar experience and, if so, how did you force it into ordinary income?}} | Has anyone had a similar experience and, if so, how did you force it into ordinary income?}} | ||
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| + | {{ForumReplyPost|UserID=Scot1|Date=18 September 2006|Text=Where did the 4797 gain flow through to? Schedule D worksheet?}} | ||
Revision as of 21:51, 18 September 2006
Discussion Forum Index --> Tax Questions --> Unrecaptured 1250 Gain
Tonyryancpa (talk|edits) said: | 18 September 2006 |
| Taxpayer had a $444 unrecaptured 1250 gain reported to him by ML. Because his Schedule D had a loss on lines 15 & 16, the $444 never appeared on Line 19 of Sch D. The IRS then sent the taxpayer a notice and said it was including the $444 as ordinary income.
Has anyone had a similar experience and, if so, how did you force it into ordinary income? | |
| 18 September 2006 | |
| Where did the 4797 gain flow through to? Schedule D worksheet? | |
