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Deductions & credits
@RobertB4444 wrote:Recapture applies when you sell the vehicle. It is just in stasis while it is a personal vehicle. When you sell it you will need to enter in all of the depreciation so you can recapture it at that point. So save your records.
That is wrong. Section 179 (and/or Listed Property) can be recaptured when the business percentage drops to 50% or less.
‎April 16, 2024
4:46 PM
3,066 Views