depreciation deductions

What Is 179 Listed Property?

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What Is 179 Listed Property? Section 179 refers to a section of the U.S. tax code allowing for businesses to deduct property cost when eligible. The property you deduct must also be purchased for business use and put into service in the year that you claim the deduction. Which of the following assets is eligible

How Is Depreciation Recapture Taxed On Real Estate?

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How Is Depreciation Recapture Taxed On Real Estate? Depreciation recapture on real estate property is not taxed at the ordinary income rate as long as straight-line depreciation was used over the life of the property. Any accelerated depreciation previously taken is still taxed at the ordinary income tax rate during recapture. How do you calculate