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Business & farm
Any recapture of Section 179 (or Listed Property) should have been on your 2022 tax return.
For the current year, no, there would not be any recapture. The recapture of Section 179 (and Listed Property) should have been taken care of in 2022, and the 'regular' kind of recapture does not happen until you sell the property. But if/when you do sell the property, you will need to report the sale and any 'gain' will be depreciation recapture.
‎October 28, 2024
2:45 PM