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Getting started is easy, fast and free.","Access high-quality leads in minutes with UnbiasedPro","Get perfect clients now.","If you're looking for the perfect clients we'll deliver them straight to your inbox and give you the tools to manage them throughout the sales process.",[705],{"_uid":706,"title":707,"CTAText":708,"subtitle":709,"component":710,"errorTitle":711,"description":712,"successTitle":713,"errorSubtitle":714,"successSubtitle":715,"consentCheckboxLabelText":716,"errorMesageFirstNameError":717,"consentCheckboxLabelLinkURL":656,"consentCheckboxLabelLinkText":718,"errorMessageRequiredFieldEmail":719,"errorMessageIncorrectEmailFormat":720,"errorMessageRequiredFieldConsent":721,"errorMessageRequiredFieldInterest":722,"errorMessageRequiredFieldFirstName":723},"8ca4fd8f-da99-489f-aa1b-fcfabdd8b7e3","Get the latest news and tips","Sign up for email updates","Sign up for news that may impact your finances","sidebar-email-signup","Sorry, there was a technical problem","Receive the 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recapture","2023-08-30T13:49:21.411Z","2024-11-27T10:51:24.908Z","2024-11-27T10:51:24.936Z",362644271,"dd12d7fc-4a0f-4e5f-b6af-dadbad90b059",{"_uid":757,"body":758,"hero":1107,"author":1126,"sidebar":1151,"hide_cta":543,"metatags":1169,"component":1172,"subcategories":1173,"intro_paragraph":1174,"intro_subheading":12,"table_of_contents":558,"outgrow_calculator":1175},"dd125e2e-5adc-4c92-b22e-e6252756b49c",[759],{"_uid":760,"data":761,"component":1106},"d76d62df-7d44-4a66-adf7-5ec4f93b2f7b",{"type":15,"content":762},[763,779,786,793,806,829,836,843,850,863,870,877,899,906,917,955,962,983,996,1003,1010,1023,1030,1068,1080],{"type":764,"attrs":765,"content":767},"heading",{"level":766},2,[768,774],{"text":769,"type":22,"marks":770},"Firstly, what exactly is depreciation?",[771,772],{"type":38},{"type":129,"attrs":773},{"color":12},{"text":775,"type":22,"marks":776}," ",[777],{"type":129,"attrs":778},{"color":12},{"type":18,"content":780},[781],{"text":782,"type":22,"marks":783},"Understanding how depreciation works in the context of tax is important before diving into depreciation recapture. As a business or taxpayer, you can use depreciation to write off the value of a fixed asset you’ve bought. The value this asset loses over time is its depreciation expense. If your asset depreciates gradually – instead of all at once – you can still earn revenue and enhance your net income, making the investment more profitable.  ",[784],{"type":129,"attrs":785},{"color":12},{"type":18,"content":787},[788],{"text":789,"type":22,"marks":790},"But always remember, it’s the IRS who makes the rules. They decide on the depreciation schedule, the deduction rate and the deduction term. They will also be waiting to collect those taxes when you finally sell the asset.  ",[791],{"type":129,"attrs":792},{"color":12},{"type":764,"attrs":794,"content":795},{"level":766},[796,802],{"text":797,"type":22,"marks":798},"How is depreciation recapture used?",[799,800],{"type":38},{"type":129,"attrs":801},{"color":12},{"text":775,"type":22,"marks":803},[804],{"type":129,"attrs":805},{"color":12},{"type":18,"content":807},[808,813,824],{"text":809,"type":22,"marks":810},"As we’ve mentioned, certain capital assets, such as your home or another real estate investment, can be depreciated for tax purposes, allowing you to get tax deductions for that depreciation. By dividing the cost of an asset over several years and taking a tax deduction each year, you are depreciating the asset and lowering ",[811],{"type":129,"attrs":812},{"color":12},{"text":814,"type":22,"marks":815},"your tax burden",[816,820,822],{"type":31,"attrs":817},{"href":818,"uuid":34,"anchor":34,"target":819,"linktype":36},"https://www.unbiased.com/discover/taxes/What-is-my-tax-liability","_blank",{"type":129,"attrs":821},{"color":12},{"type":823},"underline",{"text":825,"type":22,"marks":826},". ",[827],{"type":129,"attrs":828},{"color":12},{"type":18,"content":830},[831],{"text":832,"type":22,"marks":833},"Companies do this to account for wear and tear on property, plant and equipment, dividing the cost of using these assets over their useful working life. ",[834],{"type":129,"attrs":835},{"color":12},{"type":18,"content":837},[838],{"text":839,"type":22,"marks":840},"The catch comes when you decide to sell the asset. By taking a deduction each year, you’ve reduced the asset’s depreciation-adjusted cost basis, which can increase how much tax you finally have to pay.  ",[841],{"type":129,"attrs":842},{"color":12},{"type":18,"content":844},[845],{"text":846,"type":22,"marks":847},"So, while depreciation can be a useful way to cut your tax year-on-year, it can also leave you with a tax bill later because any gains you make by selling your asset once it’s been partially depreciated could earn you more than you anticipated and this can be taxed as ordinary income. ",[848],{"type":129,"attrs":849},{"color":12},{"type":764,"attrs":851,"content":852},{"level":766},[853,859],{"text":854,"type":22,"marks":855},"How do you calculate depreciation recapture?",[856,857],{"type":38},{"type":129,"attrs":858},{"color":12},{"text":775,"type":22,"marks":860},[861],{"type":129,"attrs":862},{"color":12},{"type":18,"content":864},[865],{"text":866,"type":22,"marks":867},"You calculate depreciation recapture by taking the adjusted cost basis – the original price of your asset minus any allowable depreciation expense – and subtracting it from the sale price of your asset. ",[868],{"type":129,"attrs":869},{"color":12},{"type":18,"content":871},[872],{"text":873,"type":22,"marks":874},"Here is an example of depreciation recapture: ",[875],{"type":129,"attrs":876},{"color":12},{"type":878,"content":879},"bullet_list",[880,890],{"type":881,"content":882},"list_item",[883],{"type":18,"content":884},[885],{"text":886,"type":22,"marks":887},"The adjusted cost basis is $2,000, and you sell the asset for $3,000. You have gained $1,000, and this is now taxable ",[888],{"type":129,"attrs":889},{"color":12},{"type":881,"content":891},[892],{"type":18,"content":893},[894],{"text":895,"type":22,"marks":896},"The rate at which this gain is taxed will depend on your personal income tax rate and whether the asset is real estate ",[897],{"type":129,"attrs":898},{"color":12},{"type":18,"content":900},[901],{"text":902,"type":22,"marks":903},"Here’s another more complex example: ",[904],{"type":129,"attrs":905},{"color":12},{"type":878,"content":907},[908],{"type":881,"content":909},[910],{"type":18,"content":911},[912],{"text":913,"type":22,"marks":914},"You buy business equipment for $30,000 – this sum is your cost basis ",[915],{"type":129,"attrs":916},{"color":12},{"type":878,"content":918},[919,928,937,946],{"type":881,"content":920},[921],{"type":18,"content":922},[923],{"text":924,"type":22,"marks":925},"The IRS gives you a deduction rate of 15% over four years ",[926],{"type":129,"attrs":927},{"color":12},{"type":881,"content":929},[930],{"type":18,"content":931},[932],{"text":933,"type":22,"marks":934},"This would provide you with deductible expenses of $4,500 per year over the period ",[935],{"type":129,"attrs":936},{"color":12},{"type":881,"content":938},[939],{"type":18,"content":940},[941],{"text":942,"type":22,"marks":943},"To work out the adjusted cost basis, you’d multiply your yearly deduction cost by four, then subtract this figure from your cost basis. In this example, this would be $12,000 ",[944],{"type":129,"attrs":945},{"color":12},{"type":881,"content":947},[948],{"type":18,"content":949},[950],{"text":951,"type":22,"marks":952},"If you then sold the asset for $13,500, you would be left with a realized taxable gain of $1,500 ",[953],{"type":129,"attrs":954},{"color":12},{"type":18,"content":956},[957],{"text":958,"type":22,"marks":959},"If you made a loss at the point of your depreciated asset’s sale, you wouldn’t be able to recapture depreciation. Remember that gains and losses are calculated using the adjusted cost basis, not the original purchase value. ",[960],{"type":129,"attrs":961},{"color":12},{"type":18,"content":963},[964,969,978],{"text":965,"type":22,"marks":966},"When you ",[967],{"type":129,"attrs":968},{"color":12},{"text":970,"type":22,"marks":971},"file your taxes",[972,975,977],{"type":31,"attrs":973},{"href":974,"uuid":34,"anchor":34,"target":819,"linktype":36},"https://www.unbiased.com/discover/taxes/2023-tax-filing-need-to-knows",{"type":129,"attrs":976},{"color":12},{"type":823},{"text":979,"type":22,"marks":980},", the IRS will treat your recapture as ordinary income. They’ll also compare your asset’s realized gain with its depreciation expense. The smaller of the figures is the depreciation recapture. ",[981],{"type":129,"attrs":982},{"color":12},{"type":764,"attrs":984,"content":985},{"level":766},[986,992],{"text":987,"type":22,"marks":988},"Can you avoid depreciation recapture?",[989,990],{"type":38},{"type":129,"attrs":991},{"color":12},{"text":775,"type":22,"marks":993},[994],{"type":129,"attrs":995},{"color":12},{"type":18,"content":997},[998],{"text":999,"type":22,"marks":1000},"The short answer is no. Not if you record a gain on the sale of an asset on which you recorded depreciation. It doesn’t matter if you took the depreciation when it was available or not – the IRS will still tax you on the recapture. The only scenario where you can legitimately avoid depreciation recapture is if you sell your asset for a loss or trade it in for “like-kind” property of a similar value. ",[1001],{"type":129,"attrs":1002},{"color":12},{"type":18,"content":1004},[1005],{"text":1006,"type":22,"marks":1007},"For this reason, you should generally claim depreciation on your asset and get the tax deduction as it’s owed to you. You’ll have to pay tax on the gain due to depreciation when you eventually decide to sell it. ",[1008],{"type":129,"attrs":1009},{"color":12},{"type":764,"attrs":1011,"content":1012},{"level":766},[1013,1019],{"text":1014,"type":22,"marks":1015},"Some key takeaways",[1016,1017],{"type":38},{"type":129,"attrs":1018},{"color":12},{"text":775,"type":22,"marks":1020},[1021],{"type":129,"attrs":1022},{"color":12},{"type":18,"content":1024},[1025],{"text":1026,"type":22,"marks":1027},"Here are some of the most important points to help you get to grips with depreciation recapture: ",[1028],{"type":129,"attrs":1029},{"color":12},{"type":878,"content":1031},[1032,1041,1050,1059],{"type":881,"content":1033},[1034],{"type":18,"content":1035},[1036],{"text":1037,"type":22,"marks":1038},"Depreciation recapture is the IRS’ way of recouping taxes from deductions made for the depreciation of an asset that you sell ",[1039],{"type":129,"attrs":1040},{"color":12},{"type":881,"content":1042},[1043],{"type":18,"content":1044},[1045],{"text":1046,"type":22,"marks":1047},"It can have a big impact on the sale of residential real estate ",[1048],{"type":129,"attrs":1049},{"color":12},{"type":881,"content":1051},[1052],{"type":18,"content":1053},[1054],{"text":1055,"type":22,"marks":1056},"Usually, the depreciation capture tax rate is 25% ",[1057],{"type":129,"attrs":1058},{"color":12},{"type":881,"content":1060},[1061],{"type":18,"content":1062},[1063],{"text":1064,"type":22,"marks":1065},"A like-kind exchange is a good way to avoid paying depreciation recapture ",[1066],{"type":129,"attrs":1067},{"color":12},{"type":18,"content":1069},[1070,1076],{"text":1071,"type":22,"marks":1072},"This is quite a complex area of taxation law, and it would make very good sense to seek the expert help of a financial advisor before you decide on a strategy. Reach out to Unbiased today to connect with a financial advisor who can listen and offer advice based on your circumstances.  ",[1073,1074],{"type":38},{"type":129,"attrs":1075},{"color":12},{"text":775,"type":22,"marks":1077},[1078],{"type":129,"attrs":1079},{"color":12},{"type":18,"content":1081},[1082,1091,1097,1102],{"text":1083,"type":22,"marks":1084},"Find your perfect financial professional today",[1085,1087,1088,1090],{"type":31,"attrs":1086},{"href":55,"uuid":34,"anchor":34,"target":819,"linktype":36},{"type":38},{"type":129,"attrs":1089},{"color":12},{"type":823},{"text":1092,"type":22,"marks":1093},". ",[1094,1095],{"type":38},{"type":129,"attrs":1096},{"color":12},{"text":1098,"type":22,"marks":1099},"   ",[1100],{"type":129,"attrs":1101},{"color":12},{"text":775,"type":22,"marks":1103},[1104],{"type":129,"attrs":1105},{"color":131},"article-rich-text",[1108],{"_uid":1109,"image":1110,"title":1113,"component":1125,"breadcrumbs":558},"5d78988c-5e70-40e5-bc4d-9c7149758b43",{"alt":12,"name":12,"title":12,"filename":1111,"copyright":12,"fieldtype":1112},"https://a.storyblok.com/f/185166/900x450/28f80055be/depreciation-recapture.jpg","asset",{"type":15,"content":1114},[1115],{"type":18,"content":1116},[1117,1119],{"text":1118,"type":22},"What is ",{"text":1120,"type":22,"marks":1121},"depreciation recapture?",[1122],{"type":25,"attrs":1123},{"class":1124},"primary-gradient","app-hero",{"name":1127,"created_at":1128,"published_at":1129,"updated_at":1130,"id":1131,"uuid":1132,"content":1133,"slug":1143,"full_slug":1144,"sort_by_date":34,"position":1145,"tag_list":1146,"is_startpage":543,"parent_id":1147,"meta_data":34,"group_id":1148,"first_published_at":1149,"release_id":34,"lang":730,"path":34,"alternates":1150,"default_full_slug":34,"translated_slugs":34,"_stopResolving":558},"Rachel Carey","2023-03-28T10:05:08.718Z","2025-01-28T12:05:49.815Z","2025-01-28T12:05:49.832Z",283076789,"b4ce951f-89c7-4ef6-97a8-709dc6d856e1",{"job":1134,"_uid":1135,"name":1127,"image":1136,"component":1139,"education":1140,"expertise":1141,"description":1142},"Senior Content Writer","a6e3129c-eeee-4438-8204-797883981521",{"id":1137,"alt":12,"name":12,"focus":12,"title":12,"filename":1138,"copyright":12,"fieldtype":1112,"is_external_url":543},7792663,"https://a.storyblok.com/f/185166/1199x1257/2401746255/rachel-carey.jpg","article-author","Griffith College Dublin, MA (Hons) in Journalism & Media Communications","Rachel brings over a decade of experience in media, including SEO content writing, marketing, public relations, and broadcast and print journalism.","Rachel is a Senior Content Writer at Unbiased, producing content across a range of different sectors, including personal finance, retirement, and investing. She specializes in simplifying intricate financial terms into clear, engaging content tailored for both B2C and B2B audiences.","rachel-carey","authors/rachel-carey",-10,[],224651374,"024abff2-15a6-4099-8ba2-25c01abe42e8","2023-04-03T07:50:42.397Z",[],[1152],{"_uid":1153,"body":1154,"title":1167,"component":1168},"644f4288-e1d2-42dd-8dce-4d9d25eac907",[1155,1159,1163],{"_uid":1156,"href":1157,"text":1158,"component":542,"openInNewWindow":543},"99916502-cc77-4c92-a358-cc450beee4d3","https://www.unbiased.com/discover/retirement-investing/your-comprehensive-guide-to-tax-refunds","Tax refund",{"_uid":1160,"href":1161,"text":1162,"component":542,"openInNewWindow":543},"d4fa407d-f59b-4c17-ba09-59f23f2d1b27","https://www.unbiased.com/discover/retirement-investing/taxes-in-retirement-how-can-i-protect-my-income","Taxes in retirement",{"_uid":1164,"href":1165,"text":1166,"component":542,"openInNewWindow":543},"98a42849-c44f-4b9e-9bd5-5267d6762fb4","https://www.unbiased.com/discover/taxes/taxes-on-selling-a-house","Do you pay tax when selling a house","Related to this article","app-links-list",{"title":750,"plugin":1170,"og_image":12,"og_title":12,"description":1171,"twitter_image":12,"twitter_title":12,"og_description":12,"twitter_description":12},"seo_metatags","Depreciation recapture is a process that allows the IRS to collect tax on financial gains you earn on the sale of an asset. If you plan to sell an asset such as real estate or business equipment for tax purposes, here’s everything you need to know. ","app-article",[],"Depreciation recapture involves dividing and spreading out the cost of an asset over several years of its life and benefiting from a tax deduction for that amount in each of these years. So, how exactly does it work in practice, and can you avoid it? We take a close look.",[],"depreciation-recapture","discover/taxes/depreciation-recapture",-970,[],224651381,"417df595-9f07-4928-b286-f3951ff41b5f","2023-08-30T15:10:33.459Z",[],{"left":727,"top":727,"width":1185,"height":1185,"rotate":727,"vFlip":543,"hFlip":543,"body":1186},24,"\u003Cpath fill=\"currentColor\" d=\"M3.71 16.29a1 1 0 0 0-.33-.21a1 1 0 0 0-.76 0a1 1 0 0 0-.33.21a1 1 0 0 0-.21.33a1 1 0 0 0 .21 1.09a1.2 1.2 0 0 0 .33.21a.94.94 0 0 0 .76 0a1.2 1.2 0 0 0 .33-.21a1 1 0 0 0 .21-1.09a1 1 0 0 0-.21-.33M7 8h14a1 1 0 0 0 0-2H7a1 1 0 0 0 0 2m-3.29 3.29a1 1 0 0 0-1.09-.21a1.2 1.2 0 0 0-.33.21a1 1 0 0 0-.21.33a.94.94 0 0 0 0 .76a1.2 1.2 0 0 0 .21.33a1.2 1.2 0 0 0 .33.21a.94.94 0 0 0 .76 0a1.2 1.2 0 0 0 .33-.21a1.2 1.2 0 0 0 .21-.33a.94.94 0 0 0 0-.76a1 1 0 0 0-.21-.33M21 11H7a1 1 0 0 0 0 2h14a1 1 0 0 0 0-2M3.71 6.29a1 1 0 0 0-.33-.21a1 1 0 0 0-1.09.21a1.2 1.2 0 0 0-.21.33a.94.94 0 0 0 0 .76a1.2 1.2 0 0 0 .21.33a1.2 1.2 0 0 0 .33.21a1 1 0 0 0 1.09-.21a1.2 1.2 0 0 0 .21-.33a.94.94 0 0 0 0-.76a1.2 1.2 0 0 0-.21-.33M21 16H7a1 1 0 0 0 0 2h14a1 1 0 0 0 0-2\"/>",[1188,1191,1192],{"title":1189,"exact":558,"href":1190},"Home","https://www.unbiased.com",{"title":453,"exact":558,"to":466,"disabled":543},{"title":750,"exact":558,"to":1193,"disabled":558},"/discover/taxes/depreciation-recapture",{"left":727,"top":727,"width":733,"height":733,"rotate":727,"vFlip":543,"hFlip":543,"body":1195},"\u003Cpath fill=\"currentColor\" d=\"m181.66 133.66l-80 80a8 8 0 0 1-11.32-11.32L164.69 128L90.34 53.66a8 8 0 0 1 11.32-11.32l80 80a8 8 0 0 1 0 11.32\"/>",1776157129201]