AmyC
Expert Alumni

Self employed

You must list the Sec 179 recapture as other income for your business.  Page 3 of the Form 4562 instructions instructions state:

 the benefit of the increased section 179 expense deduction must be reported as “other income” on your return.

 

The business use falling with the sale makes sense. Business use below 50% requires the recapture as well. Either way, it is Other Income this year.

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