Depreciation Recapture definition

Depreciation Recapture means the portion of any gain from the disposition of an asset of the Company which, for U.S. federal income tax purposes, (1) is treated as ordinary income under Section 1245 of the Code, (2) is treated as ordinary income under Section 1250 of the Code, or (3) is “unrecaptured Section 1250 gain” as such term is defined in Section 1(h) of the Code.
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Depreciation Recapture has the meaning set forth in Section 5.8(a)(iii) hereof.
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Depreciation Recapture shall have the meaning set forth in Section 6.05.
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Examples of Depreciation Recapture in a sentence

  • See Depreciation Recapture Income under Other Rules, later.Gross profit.

  • Depreciation Recapture Resulting from Leasing a Facility or Withdrawing from the Florida Medicaid Program In cases where an owner-operator withdraws from the Florida Medicaid program as the provider, but does not sell the facility, the depreciation paid by Florida Medicaid to the owner during the time he was the Florida Medicaid provider shall be subject to the depreciation recapture provisions of this Plan when the owner sells the facility.

  • Plot the After Tax IRR as a function of Depreciation Recapture Tax Rate.

  • A.3. Depreciation Recapture Reductions‌(1) There is no depreciation recapture for IRC § 1250 property for which ACRS or MACRS depreciation deductions are computed using the straight-line method under IRC § 1017(d).

  • Depreciable or amortizable property used in your business, such as a fishing vessel, refrigeration equipment, or a truck.mation on the types of section 1245 property, see Depreciation Recapture on Personal Property in chapter 4 of Publication 544.


More Definitions of Depreciation Recapture

Depreciation Recapture is defined in Section 5.8(a)(iii).
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Depreciation Recapture has the meaning set forth in Section 13.05(a)(i)(B).
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Depreciation Recapture is defined in Section 7.05.
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Depreciation Recapture shall have the meaning specified in Section ---------------------- ------- 5.7(a)(ii)(B) hereof. -------------
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Depreciation Recapture has the meaning given such term in Section 6.5(a)(ii)(A)(2)(A).
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Depreciation Recapture. A “step into the shoes” rule applies for contributions of depreciable property. • A contributing partner who contributes property subject to depreciation recapture does not trigger the recapture unless gain is recognized. • A contributing partner’s share of depreciation remains chargeable to that partner. Assignment of Income • A contribution of property to a partnership might not be respected when the transferor is considered to have made an anticipatory assignment of income. • Could arise in the following situations: – Family partnerships – Non-familial situations – Zero-based accounts receivables – Section 704(c) applications Character Taints • Section 724 prevents partnerships from serving as vehicles to artificially convert the characterization of a partner’s gain or loss. • Applies to contributions of: – Unrealized receivables – Inventory – Capital assets Example Xxxxx, a securities dealer, contributes 100 shares of GM stock (FMV $20,000, basis $60,000) to ABC partnership, along with some land (FMV $35,000, basis $50,000). The land was a capital asset to Xxxxx, but ABC holds the property as inventory. The GM stock is a capital asset to ABC. Four years after the contribution, ABC sells the land for $16,000 and, 6 years later, the GM stock for $70,000. What is the character of the gain or loss to ABC Partnership?
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Depreciation Recapture means the portion of any gain from the disposition of an asset of the Company that, for U.S. federal income tax purposes, (a) is treated as ordinary income under Code Section 1245, (b) is treated as ordinary income under Code Section 1250 or
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