Level 9
02-23-2025
05:18 AM
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There are basically two different types of depreciation recapture. On is if you sold property that either was 179 or reduced in use to less then 50%. That must be reported on same form from which the deduction occurred. The other recaqpture is just the difference between what you sold item for less the cost of the asset less depreciation. Special/Bonus deprecition is considered regular depreciation as long as not in current year. So you are good to go with listing sale price and adjusted cost on Form 4797.