If you sell an asset that you claimed 179 expense and it has not used up its recovery years, do you have to recapture the depreciation on the form it was deducted on?

[ret]

If you file a schedule f and claimed 179 on an asset and it had a 5 year recovery and you sold it in year 3 do you have to figure the depreciation on sl and claim part of it back on the schedule f and then claim the rest of the gain as ordinary income?

[TaxGuyBill · Accepted solution]

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@ret wrote:

you sold it in year 3 do you have to figure the depreciation on sl and claim part of it back on the schedule f

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No, that does not apply when it is sold.