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- 25%Depreciation recapture is the process of taxing the gain from the sale of an asset that has been depreciated. The part of the gain that relates to depreciation is taxed at the unrecaptured section 1250 rate, which is capped at 25% for 20231. The bonus depreciation percentage, which allows taxpayers to deduct a large portion of the cost of certain assets in the year they are placed in service, will decrease to 80% for assets placed in service in 20232.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.So part of the gain beyond the original cost basis would be taxed as a capital gain but the part that relates to depreciation is taxed at the 1250 rule rate. The unrecaptured section 1250 rate is capped at 25% for 2023.smartasset.com/taxes/depreciation-recaptureStarting on January 1 st, 2023, for assets placed in service during the following periods, the bonus depreciation percentage will decrease in the following manner: January 1 st, 2023 – December 31 st, 2023: Bonus rate is 80%gtmtax.com/tax-insights/articles/bonus-depreciatio…
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