In this week's AirMail Focus, aviation tax attorney Suzanne Levy, of Advocate Consulting Legal Group, helps aircraft owners ...

Depreciation recapture is not an issue with repairs expensing, simplifying the accounting process. And finally, don't forget to revisit your De Minimis Safe Harbor Election when evaluating your ...

Depreciation Recapture Under Section 1250 Depreciation recapture happens when an investor uses accelerated depreciation instead of the straight-line method.

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was depreciated beyond the straight-line method, the extra depreciation is taxed at ...

Forming an LLC for your business might seem like a straightforward endeavor, but if you don't know exactly what you're doing, trouble could follow.

Depreciation recapture: When selling a depreciated property, investors face a tax called depreciation recapture. This is how the IRS gets paid the taxes you didn’t pay when you depreciated the ...

We got the following question from one of our readers: “When does depreciation recapture on equipment kick in? For example a 20 year old tractor fully depreciated sells for $30,000 cash. It cost ...

Under general tax rules, if the government takes your property through eminent domain and pays you condemnation proceeds, you may have to pay capital gains (or any depreciation recapture) tax if ...

Depreciation recapture: Accelerated depreciation can result in a significant tax bill when the asset is eventually sold, as the IRS will recapture the depreciation taken.

Learn what you need to know about a 1031 exchange, including the strict 1031 exchange rules that govern this procedure and a step-by-step guide on how to do it.