Sec 179 Recapture or Not?

[rfk]

If a piece of Eq. (freezer used for business) had an election of Sec 179 expensing ($7185), and the property was sold in less than a year because of sale of business, does it require recapture of the depreciation taken. I know that it requires it from the regular, MACRS depreciation, but what about Sec 179?

Hope the question made sense.

Thanks for your answers.

Ray

[Safire]

yes it does

[Mark Goldberg]

Sale

if 100% of basis was expensed then on form 4797 you will have ordinary income up to the cost. gain in excess of cost will be capital gain. this recapture because of the sale does not get carried to the schedule of origin like it would had use dropped to 50% or less.