Depreciation recapture — Part of a series on Taxation Taxation in the United States … Wikipedia
Depreciation Recapture — The gain received from the sale of depreciable capital property that must be reported as income. Depreciation recapture is assessed when the tax basis of an asset exceeds the sale price. The difference between these figures is thus recaptured by… … Investment dictionary
depreciation recapture — An income tax rule whereby a gain on the sale of property is treated as ordinary income, or partly as ordinary income, to the extent of depreciation taken on the property. Internal Revenue Code §§ 1245, 1250 … Ballentine's law dictionary
recapture — re·cap·ture 1 /ˌrē kap chər/ vt tured, tur·ing 1: to capture again 2: to recover or take (as an excess or gain) by law or agreement; esp: to recover (a tax benefit) by higher or additional taxation of income or property that ceases to qualify for … Law dictionary
Depreciation — Not to be confused with Deprecation. Depreciation refers to two very different but related concepts: the decrease in value of assets (fair value depreciation), and the allocation of the cost of assets to periods in which the assets are used… … Wikipedia
recapture of depreciation — Upon the sale or disposition of depreciable property, the portion of the gain which represents the accelerated depreciation previously taken is taxed as ordinary income. Since Tax Reform Act of 1986, there is no monetary difference because… … Black's law dictionary
depreciation — /dapriyshiyeyshsn/ In accounting, spreading out the cost of a capital asset over its estimated useful life. Depreciation expense reduces the taxable income of an entity but does not reduce the cash. A decline in value of property caused by wear… … Black's law dictionary
depreciation — /dapriyshiyeyshsn/ In accounting, spreading out the cost of a capital asset over its estimated useful life. Depreciation expense reduces the taxable income of an entity but does not reduce the cash. A decline in value of property caused by wear… … Black's law dictionary
Recapture — 1. A condition set by the seller of an asset that gives him/her the right to purchase back some or all of the assets within a certain period of time. 2. A situation where an individual must add back a deduction from a previous year to his or her… … Investment dictionary
recapture — To recover (by IRS) the tax benefit of a deduction or a credit previously taken by tax payer. See, e.g., recapture of depreciation The taking from an enemy, by a force friendly to the former owner, of a vessel previously taken for prize by such… … Black's law dictionary
Limits on Depreciation Deduction — Section 280F [http://frwebgate.access.gpo.gov/cgi bin/getdoc.cgi?dbname=browse usc docid=Cite:+26USC280F Sec. 280F Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes] , Internal Revenue … Wikipedia
