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jrze
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- Posted Re: For 179 depreciation on a vehicle 5 year period. If you purchase a vehicle in Dec 2017, would the 5 years be 2017-2021 or end in Dec 2022? Ie- can you sell on 1/1/22? on Deductions & credits. 2 weeks ago
- Posted For 179 depreciation on a vehicle 5 year period. If you purchase a vehicle in Dec 2017, would the 5 years be 2017-2021 or end in Dec 2022? Ie- can you sell on 1/1/22? on Deductions & credits. 3 weeks ago
- Posted Vehicle purchased 12/15/17 and depreciated under Sec 179. When can I stop worrying about recapture? Does the 5 years end 12/31/21(2017-2021) or 12/15/22(5 actual years)? on Deductions & credits. October 25, 2020 4:51 PM
- Cheered Re: Capital loss carryover and home office depreciation recapture for Hal_Al. April 30, 2020 11:01 AM
- Cheered Re: Capital loss carryover and home office depreciation recapture for DawnC. April 30, 2020 11:01 AM
- Posted Capital loss carryover and home office depreciation recapture on Deductions & credits. April 30, 2020 10:22 AM
2 weeks ago
Thank you so much for responding. I cannot find anything in this document which shows it is 60 months and not 5 tax years- can you show me what I am missing? Everything I am seeing just references years.
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3 weeks ago
Not certain if 5 years is 5 tax years or 5 actual years (60 months) and want to avoid recapturing depreciation. Please cite source if possible
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October 25, 2020
4:51 PM
Would love link to where answer came from, for my records.
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April 30, 2020
10:22 AM
I am a sole prop have depreciated a home office for the past 10 years. I also have a large capital loss carryover from the sale of land. When I sell my home, will the depreciation recapture be offset by the capital loss carryover? I have found information regarding that depreciation recapture for sale of a rental property would be offset by a capital loss, but do not know if there is a difference if the depreciation was for a home office.
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