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section 179
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?
KrisD15Answer
Alumni - Intuit
February 17, 2020
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:
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