Use this window to enter business use percentages so the application can calculate recapture under IRC section 280F. After you enter the percentages, verify that the recapture amounts transfer to Part V of Form 4797.
This window automatically opens when a prior-year asset's business use percentage, in the Vehicle/Listed tab, falls below 50 percent in the current year.
To open this window, open the Depreciation tab in the Asset Detail window and select Tasks, then Section 280F Recapture. Note that this command is available only if the asset's business use percentage is less than 50 percent, and if the asset's current and prior depreciation have been calculated.
This window is not available for aggregate assets.
If section 179 expense was taken on this asset, it may be subject to recapture of section 179 expense.