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Income Tax Planning
Chapter 12: Business Assets/RECAPTURE RULES AND TAX PLANNING (1 OF 2)
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 12: Business Assets

RECAPTURE RULES AND TAX PLANNING (1 OF 2)

01.Core Concepts

Gifts • Depreciation recapture potential carries over to donee. Nontaxable Exchanges • Depreciation recapture carries over to the replacement property. Testamentary Transfers • Section 1014 “step-up” extinguishes recapture potential.