I do not understand the recapture rule in regards to a business asset... Can someone explain what this is and how it should be handled?

[flanaganclara]

You get recapture when you have taken depreciation at an accelerated rate, then dispose/sell the asset before the
"useful life" has ended.  For example, if you have a car (typically a 5 year life) and you take Section 179 depreciation (usually 100% of the cost in the first year of use), then dispose/sell the asset in 3 years, you got rid of the asset 2 years before it [should] have been fully depreciated.  So they force you to recapture the 2 years worth of depreciation you already deducted on a prior return as income because you got rid of the asset before the 5 years were over.

[gina1]

Does any version of TT do the calculations and entries for you? Premier is not, and I don't know where to manually enter the figures. Thanks