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Deductions & credits
What if it is fully depreciated (5 years) but I continue to use it in retirement as a personal vehicle. Say it's still worth about $10,000. Do I pay recapture (business income) on the $10,000 AND on the amount of 179 depreciation which I would like to take this year? ($4,000)
‎June 3, 2019
1:10 PM