section 179

Forum|Forum|6 years ago
February 17, 2020
1 reply
6 views

When selling a rental property, depreciation recapture is required. Is there any such special treatment of section179 depreciation for a (very) small business when the business closes, such as in retirement?

Not A Product Question

Best answer by KrisD15

Yes, the 179 Deduction is also recaptured.

Technically, the depreciation that could have been claimed is subtracted from the 179 deduction you took. The depreciation part is recaptured and the deduction part is paid back.

Below is a link that better explains the process:

179 recapture

KrisD15Answer

Level 15

Yes, the 179 Deduction is also recaptured.

Technically, the depreciation that could have been claimed is subtracted from the 179 deduction you took. The depreciation part is recaptured and the deduction part is paid back.

Below is a link that better explains the process:

179 recapture

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