I had a truck used for more than 50% business and thus was taking depreciation deductions. This year I stopped using it for business and have calculated the depreciation recapture income (no Sec 179 ever taken.) My prior years' deductions were subject to the Schedule A 2% of AGI limitation so I never received the full benefit. It would seem only right to be able to reduce this income in a similar fashion since I'm having to recapture it.
