kathyv
Returning Member

Business & farm

ok - so then the calculation would be as follows:

 

Cost basis $29,360 purchased 3/2019 - straight line depreciation would be $5872 per year for 5 years.

 

Through 2021 I've taken depreciation totaling $13,351.  Using straight line calculation through 2021 depreciation would be $17,616 so no recapture due, correct?