Exercise 17-27 (LO.4) An individual taxpayer has $25,000 of 5 1231 gain from the disposition of nonresidential real estate. Straight-line depreciation of $43,000 was deducted on the real estate. The taxpayer also has a 1231 loss of $56,000 from the sale of equipment. How much of the $ 1231 gain is taxed as unrecaptured 1250 gain? If an amount is zero, enter "o". $ 25,000 X of the gain is taxed as unrecaptured 5 1250 gain because there is a net 5 1231 loss for the year of 31,000 Feedback Check My Work Generally, 5 1250 property is depreciable real property (principally buildings and their structural components) that is not subject to $ 1245. Intangible real property, such as leaseholds of $ 1250 property, is also included. Exercise 17-27 (LO.4) An individual taxpayer has $25,000 of 5 1231 gain from the disposition of nonresidential real estate. Straight-line depreciation of $43,000 was deducted on the real estate. The taxpayer also has a 1231 loss of $56,000 from the sale of equipment. How much of the $ 1231 gain is taxed as unrecaptured 1250 gain? If an amount is zero, enter "o". $ 25,000 X of the gain is taxed as unrecaptured 5 1250 gain because there is a net 5 1231 loss for the year of 31,000 Feedback Check My Work Generally, 5 1250 property is depreciable real property (principally buildings and their structural components) that is not subject to $ 1245. Intangible real property, such as leaseholds of $ 1250 property, is also included