"Depreciation Recapture... What is that?!?"

Hey Taxpayers, Tiffany Gonzalez CPA is back with another great installment of "What is that?!?" Where we bring you financial terms and topics you may have heard, but we make them easy to understand!

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!

Accounting to Scale is dedicated to the betterment of the community through financial education. Please leave any topics you wish to learn about or feel should be talked about in the comments below.

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Disclaimers & Disclosure:

This content is for education and entertainment purposes only. Tiffany Gonzalez CPA and Accounting to Scale are not providing Tax or Investment advice. The information is being presented without consideration of the financial circumstances of the taxpayer/investor, financial objectives or risk tolerance and may not be suitable for all taxpayers/investors. We don't make any guarantees or promises as to results that may be obtained using our content. All investing involves risk, including risk of losing investment principal.

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