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PDtax
PDtax, CPA firm owner
Category: Capital Gains and Losses
Satisfied Customers: 4099
Experience:  Tax professional and business consultant for 34 years
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Where would the recapture of depreciation on the sale of a

Customer Question

where would the recapture of depreciation on the sale of a commercial building appear on a 1040 form? How is it differentiated as to not to be taxed under ss taxs? Also if there is a long term capital gain, are the long the long term capital losses taken
first and then the short term losses applied second, dollar for dollar, after if the gain is big?
Submitted: 1 year ago.
Category: Capital Gains and Losses
Expert:  PDtax replied 1 year ago.
Hi from just answer. I'mCustomer and can assist.
Depreciation recapture is reported on form 4797, and brought forward to the 1040 from that form.
Capital gains and losses are netted short term first, then long term, to determine the available net. The net is then reported.
Thanks for asking at just answer. Positive feedback is appreciated. I'mCustomer

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