Depreciation recapture Section 1245

IN this session, I discuss deprecation recapture section 1245
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[@Quentyn73]

Professor, excellent explanation as always. Just few notes that I hope you see for planning for your future videos. Since they moved this content to the TCP exam, they threw in a few complications - mostly, the question will show two depreciations - book and tax. Also, they will merge together sales prices for 1250 assets for land and buildings.

[@karenscookingkorner]

A very confusing concept. You explained it so well! Very understandable. Thank you

[@AccountingLectures]

Thank You. For more, visit my website at: www.farhatlectures.com

[@yopaulo]

great video as always.

[@AccountingLectures]

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[@frezewdyirga4184]

Thanks a lot professor Farhat

[@AccountingLectures]

You are welcome. Thank You. For more, visit my website at: www.farhatlectures.com

[@LA2JERSEY]

Hi Professor, is it fair to say that there is no appreciation recapture for car depreciation? Also, there is a limit rule for the car depreciation, how do I also compare the best depreciation method with standard mileage expenses? Thanks!

[@rosebellbicar1125]

Hello, professor. I love your videos. I do have a question regarding this though. What if I am transferring a property that is on mortgage to an LLC, will this trigger the depreciation recapture or not really since I am just transferring the property and will not gain ang profit from it since I am not selling? Your enlightenment on this is greatly appreciated.

[@HUMAN-VERSION4]

Is the accumulated depreciation tax depreciation or book ?

[@davidahrens2841]

what happens when a business vehicle that you own is now used as a personal vehicle? you didn't sell the vehicle but simply don't use it for business now?