What RECAPTURE OF DEPRECIATION means: When depreciable property is sold, gain generally is taxed as ordinary income up to the amount of depreciation claimed (for personal property) and to the extent of the excess of accelerated depreciation claimed over straight-line depreciation that would have been allowed (real property). This ordinary income treatment is referred to as recapture.
- Definition Right:
- Dictionary The opportunity a corporation gives a shareholder to buy additional shares at a special price for a limited time. Shareholders who don't use their rights can sell them to other investors recapture of depreciation definition.
- Definition Recharacterization:
- Dictionary Recharacterization is the process of changing the character of a traditional IRA contribution to a Roth IRA contribution or vice versa recapture of depreciation explain.
- Definition Refundable Credit:
- Dictionary A credit for which the IRS will send the taxpayer a refund for any amount in excess of the taxpayer's tax liability recapture of depreciation what is.
- Definition Rental Income:
- Dictionary the taxpayer for allowing another person's use of the taxpayer's property. Rental income includes advance rental payments, late payments, and current payments. Payments received for lease recapture of depreciation meaning.
How works Recapture of Depreciation meaning in Tax definitions R .
