Depreciation and Section 179 deductions are tricky business.
With that in mind, let’s get started with seven things you need to know.
Tax law should have created a four-letter word for recapture.
When you suffer the recapture tax, you pay taxes on some or all of the depreciation and Section 179 deductions that tax law allowed you to deduct.
In other words, the government recaptures some or all of your tax benefits. Here are five articles that give you strategies to avoid having your pockets siphoned by recapture:
Impact of Death, Retirement, and Disability on the 179 Deduction
Ouch! Vehicle Totaled! Tax Benefits to ... Log in to view full article.