Depreciation Recapture – Schedule C

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Message Board Depreciation Recapture – Schedule C

This topic contains 0 replies, has 1 voice, and was last updated by Elizabeth Precour 2 days, 21 hours ago.

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  • #161207
    Elizabeth Precour

    Does the new 100% bonus depreciation on a schedule C vehicle have to be recaptured if the taxpayer ends the Schedule C in the next year or two?  The Schedule C activity has been very active for over 20 years and the taxpayers are finally looking to retire from it.  The vehicle exceeds 6,000 lbs.

    Would love to find something official and definitive!