what is a nonrecaptured 1250 gain?

I sold a small piece of land and my net proceeds = $5500.00 I am working on a
schedule D and I have to determine if I need to do the unrecaptured 1250 gain?Sea
Reply to
Seamist
Section 1250 gain, whether recaptured, unrecaptured, nonrecaptured, or whatever, usually refers to part of the taxable gain from real estate that *has been depreciated*. If your land wasn't depreciated for income tax purposes, you shouldn't have any section 1250 gain to worry about.
Reply to
lotax

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