(Part II. continued) Summary Sheet for the Sales of Business Property Step 4. Description of Section 1250 property 1) 2) 3) 4) 5) 6) 7) Descriptio Remaining n of Date Date Sold Gain Depreciation Unrecapture Gain = property acquired allowed d $1250 (Accumulated Gain. (4) - (6) Depreciation) 4(a): Total Unrecaptured $1250 Gain 4(b): Total Remaning Section 1231 Gain Step 5) Line 1: Total amount from 3(b): Line 2: Total amount from 4(b): Net the total of 3(b) and 4(b), this is to be taxed at 15/20%