Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
September 2012

Word Count:



Learn What Happens When You Convert an Asset from Business to Personal Use



I’m a CPA who subscribes not only to your fine publication but also to a number of those very expensive tax services. I noted that two of the expensive services state that upon the conversion of an asset to personal use, I treat the conversion as a disposition of the property in that year and I don’t need to recognize gain, loss, or depreciation recapture.


I remember reading in your publication that I need to recognize depreciation recapture.


I now face this question with one of my clients who has a potential recapture of nearly ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development