What Does Recapture Mean?

What Does Recapture Mean?
★ Key Takeaways

Depreciation Recapture Is the Usa Internal Revenue Service Procedure for Collecting Income Tax on a Gain Realized by a Taxpayer When the Taxpayer Disposes of an Asset That Had Previously Provided an Offset to Ordinary Income for the Taxpayer Through Depreciation.

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Direct Answer • Key Takeaway

Depreciation Recapture Is the Usa Internal Revenue Service Procedure for Collecting Income Tax on a Gain Realized by a Taxpayer When the Taxpayer Disposes of an Asset That Had Previously Provided an Offset to Ordinary Income for the Taxpayer Through Depreciation.

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James H. Sterling
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James H. Sterling

James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.