Oh I'm not in disagreement with that. I would just like to see the IRS clarify things a bit more by defining capitalized costs as those costs that are depreciated, since depreciation is commonly recaptured at some time. Then define amortized costs as those that are deducted, thus more clearly implying that a recapture of amortized costs does not occur. (But under the oxymoronic rule set I'm sure the IRS would have an exception for that.)
