KrisD15
Expert Alumni

Deductions & credits

You don't need to figure Depreciation Recapture until you sell it. 

You do need to know your "Adjusted Basis" for when that time comes.

The "Adjusted Basis" is the "Original basis" (your original cost or value) less the depreciation claimed (or should have been claimed).

 

There is almost always Depreciation Recapture and capital gain when selling rental real estate, but no so much with vehicles. 

In fact, switching a vehicle to personal use might negate a business loss (there is no loss on a personal sale) 

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