Step 4. Description of Section 1250 property 1) 2) 3) 4) 5) 6) Descriptio 7) n of Date Date Sold Gain Depreciation Remaining Unrecapture Gain = property acquired allowed d $1250 (Accumulated Gain. Depreciation) (4) - (6) 4(a) = Remaining Section 1231 Gain from 3(c): 4(b): Total Unrecaptured $1250 Gain on 6) above 4(c) = 4(a) - 4(b)