When you own an asset for business or investment use you can claim some depreciation as that asset drops in value. When you later sell that asset the IRS wants to get back, or recapture, some of the depreciation. Our 1031 exchange expert explains how recapture depreciation tax works.
1031 Exchange – Recapture Depreciation Tax
By Ilyce Glink| 2008-09-25T21:24:08-05:00 September 25th, 2008|