Business & farm


@kathyv wrot

 

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?


 

Does the $13,351 include the $11,656?

Was it 100% business use?  It not, that needs to be factored in.  Based on your numbers, that does not seem to be the case.

 

The $17,616 would be assuming 100% business use.   Is that the case?