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Deductions & credits
You may not be seeing the recapture amounts because of how you reported the disposal.
TurboTax Desktop Home and Business will perform these calculations. Form 4562 Depreciation and Amortization Report 2021 can be viewed by clicking FORMS in the upper right hand corner of the screen.
Are these business assets that have been sold or have they been disposed of in some other way?
In TurboTax Desktop Home and Business, at the screen Tell us more about this asset, report that The item was sold, retired, stolen, destroyed, disposed of, converted to personal use, traded in, or given away (or it's no longer being used in this business for some other reason).
At the screen Special Handling Required?, select Yes if the item was not sold. How the item was removed from the business, governs the recapture process.
Select No if the item was sold. At the screen Enter Asset Sale information, enter the sales information.
If the item was sold, the recapture will be reported on IRS Form 4797 Sales of Business Property. Recapture amounts will be recorded under the columns Depreciation allowed or allowable or on page 2 Part IV Recapture Amounts.
IRS Forms 4797 Sale of Business Property can be viewed by clicking FORMS in the upper right hand corner of the screen.
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