"Depreciation Recapture-The Basics."
Hey Taxpayers, today we are talking about 'Depreciation Recapture', this affects any business or individual that depreciates any asset over time and sells it.
The IRS uses Depreciation Recapture to close a loophole and claw back the depreciation you have claimed on your Car, Building, Machinery, etc. If you are not aware of this, it can bring you a surprise tax bill you were not expecting.
If you are planning on selling any asset you have depreciated, you will not want to miss this video!
Tune in and get your financial I.Q. up!
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