@MarilynMennetti wrote:
I have a car I have used for business for 7 years. I am now retired and use it for personal use. How can you figure recapture
Were you claiming Actual vehicle expenses, or did you use the Standard Mileage Rate?
If you used Actual vehicle expenses, did you claim Section 179 or Bonus depreciation in the first year? Were you using accelerated depreciation (usually 200% DB, most common if vehicle was used over 50% for business) or were you using Straight-line (most common if vehicle was used 50% or less every year for business)?
