What you do with section 179 depreciation recapture is restore the basis of the asset to what it would have been if you hadn't taken the section 179 depreciation. That being the case, if you were to delete the asset and re-enter it and indicate that no section 179 depreciation had been taken on it, you would have the correct basis reflected in the current year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
