Click this option to enter data for section 1250.

Enter additional depreciation after 1975.

Enter the applicable recapture percentage if other than 100%.

The application multiplies the amount entered in the Additional depreciation after 1975 field by the amount entered in the Applicable % field and displays the result in this field.

The application calculates the difference between the section 1250 gain and the allowable depreciation and displays it in this field.

Enter additional depreciation taken between 1970 and 1975.

The application displays the lesser of depreciation taken after 1975 and the depreciation taken between 1970 and 1975.

Enter the section 291 gain for this asset.

The application calculates the gain and displays it in this field. You cannot override this amount.

Click this button to recalculate the gain or loss.

Click this option to enable the fields used to enter data for section 1252.

Enter the soil, water, and land-clearing expenses for section 1252 property.

Enter the applicable recapture percentage if other than 100.

The application calculates the gain and displays it in this field. You cannot override this amount.

Click this option to enable the fields used to enter data for section 1254.

Enter costs for intangible activities such as drilling and development for section 1254 property.

The application calculates the gain and displays it in this field. You cannot override this amount.

Click this option to enable the fields used to enter data for section 1255.

Enter the applicable percentage of payments excluded from income for section 1255 property.

The application calculates the gain and displays it in this field. You cannot override this amount.