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 Recovery Property:
- Dictionary Recovery property is a term used to describe property that is eligible to be depreciated under either ACRS or MACRS. See ACRS and MACRS recapture of depreciation definition.
- Definition Regulations:
- Dictionary Commissioner publishes his interpretation of the tax Code in the form of regulations. They do not have the force and effect of law except in those cases in which the law on a particular subject calls recapture of depreciation explain.
- Definition Rollover:
- Dictionary The tax-free transfer of an employer plan distribution to another employer plan or to a traditional IRA, or the tax-free transfer from one IRA to another or to an eligible employer plan recapture of depreciation what is.
- Definition Regular Method (Automobile Expenses):
- Dictionary A deduction for business use of the taxpayer's vehicle based on actual cost of gas, oil, repairs, tires, washing, etc. plus a deduction for depreciation recapture of depreciation meaning.
How works Recapture of Depreciation meaning in Tax definitions R .
