2001 Tax Help Archives  
  Home > Tax Prep Help > 2001 > Publications > Publication 946

Publication 946 2001 Tax Year

When Do You Recapture MACRS Depreciation?

HTML Page 310 of 53

This is archived information that pertains only to the 2001 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Words you may need to know (see Glossary):

  • Clean-fuel vehicle
  • Clean-fuel vehicle refueling property
  • Disposition
  • Nonresidential real property
  • Recapture
  • Residential rental property

When you dispose of property that you depreciated using MACRS, any gain on the disposition is generally recaptured (included in income) as ordinary income up to the amount of the depreciation previously allowed for the property. Depreciation, for this purpose, includes any section 179 deduction claimed on the property and any deduction claimed for clean-fuel vehicles and clean-fuel vehicle refueling property. There is no recapture for residential rental and nonresidential real property. For more information on depreciation recapture, see Publication 544.

Previous | First | Next

Publication Index | 2001 Tax Help Archives | Tax Help Archives | Home