Opportunity Zone Depreciation Recapture - Spidell

Opportunity Zone Depreciation Recapture

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Message Board Opportunity Zone Depreciation Recapture

This topic contains 1 reply, has 2 voices, and was last updated by Renee Rodda 1 week, 5 days ago.

  • Author
  • #179098
    Paul Carney

    I’ve seen Spidell’s webinars/seminars that discuss Opportunity Zone benefits but I haven’t seen any that address how depreciation recapture is handled. I’m seeing various discussions other places, mostly inconsistent. Does Spidell have something that discusses it?

  • #179390
    Renee Rodda

    Capital gains that are eligible for the deferral include amounts treated as capital gains (such as boot from an IRC §1031 exchange, mutual fund capital gain dividends, net IRC §1231 gains, and unrecaptured IRC §1250 gains). Gains not eligible for deferral include IRC §§1245 and 1250 depreciation recapture (taxed as ordinary income).

    We will cover this in our upcoming Opportunity Zone webinar https://www.caltax.com/shop/webinars/live-upcoming-webinars/opportunity-zone-funds-webinar/