What RECAPTURE means: The inclusion of a previously deducted or excluded amount in gross income or tax liability. Recapture may be applicable to accelerated depreciation, cost recovery, amortization, and various credits.
- 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 definition.
- Definition Refund Feature:
- Dictionary An annuity has a refund feature if the annuitant and/or his or her survivors are guaranteed to receive an amount under the annuity at least eqaul to the amount paid for the annuity recapture explain.
- Definition Recovery:
- Dictionary deduction or creditable expense paid in a previous year that is later refunded to the taxpayer. The recovered amount must usually be included in income in the year it is received, to the extent of recapture what is.
- Definition Recovery Period:
- Dictionary The period of years over which the cost of business assets is written off under ACRS or MACRS recapture meaning.
How works Recapture meaning in Tax definitions R .
