Section 280F Recapture dialog

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Use this dialog in the asset module 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 dialog 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 dialog, open the Depreciation tab in the Asset Detail dialog and choose Tasks > 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.

Notes

Fields & buttons

Prior years' business use percentages group box

Other fields & buttons

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