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Business & farm
When you closed the business and converted the domain name asset to personal use, depreciation stopped on that date of conversion. Recapture doesn't occur until the tax year you sell or otherwise dispose of it. If you start the business back up, then depreciation will pick up where it left off. Just be aware the TurboTax program will not be able to correctly handle that situation should you start the business back up in the future.
‎September 11, 2020
7:18 AM
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