Depreciation Recapture: What It Is & How to Avoid It
Abstract
Many property owners or business owners have expensive or valuable assets. To lower their reported income, they can use those assets’ depreciated value to take special deductions on their taxes. The IRS never forgets the value deducted from your assets. If you ever sell that asset, the extra income will be taxed on your next tax return. The extra income can be taxed in the next tax returns. The tax return will be taxes on yourNext tax return, and the tax return is. This additional income will also “recapturing the lost taxable income.
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