mmandrs
New Member

Business & farm

Hi Carl.  I have a similar situation.  You mentioned above that you would deal with assets with special depreciation already taken last but it doesn’t seem like that was ever addressed.  I have a vehicle that I used in my sole proprietorship and took special depreciation on when I put it into service.  I use the same vehicle now for my s corp.  My main concern is recapture when I close out my sole proprietorship.  How do I avoid this or deal with this?  Help please!