TT asked "Did you qualify for an investment credit recapture?" I clicked the "Learn More" link and got information about "Section 179 recapture." Is this the same?

I already covered Section 179 in my self-employed section. This "investment credit recapture" is in the "uncommon tax situations" section. Seems like TT sent me to the wrong place.

1242

Expert Alumni

Mar 31, 2021 2:40:49 PM

The investment credit recapture refers to adding back to your tax an investment credit taken in a previous year. An investment credit can apply to investments in rehabilitation, energy, coal, gasification or energy projects.

It would not be associated with your section 179 recapture, which represents depreciation on business asset purchases.

Level 3

Mar 31, 2021 3:12:29 PM

Thanks for your answer.

Is there a way to tell TurboTax that they have a bad link? There does not seem to be a way to talk to them.

Why sign in to the Community?

TT asked "Did you qualify for an investment credit recapture?" I clicked the "Learn More" link and got information about "Section 179 recapture." Is this the same?