Depreciation Recapture

[Gretel]

I have to recapture depreciation due to business use falling below 50%. I reported it under other income on Sch. C. What I am wondering about is how would another preparer looking at this tax return even know that this depreciation is recaptured? Or how would I know if this happened to a new client coming to my office?

Is there a different place to report this?

[LawrenceGR]

I did one

of these recently, but you are right, if I didn't know it was there I would be in the dark.

[Peachie]

I thought depreciation recapture

I have to recapture depreciation due to business use falling below 50%. I reported it under other income on Sch. C. What I am wondering about is how would another preparer looking at this tax return even know that this depreciation is recaptured? Or how would I know if this happened to a new client coming to my office?

Is there a different place to report this?

I have always shown depreciation recapture on the 4797. I admit, I haven't had to do it recently, but could you not itemize it out on the C? Other income-depreciation recapture--if your software allows.

Just a thought.

Peachie

[solomon]

I have to recapture depreciation due to business use falling below 50%. I reported it under other income on Sch. C. What I am wondering about is how would another preparer looking at this tax return even know that this depreciation is recaptured? Or how would I know if this happened to a new client coming to my office?

Is there a different place to report this?

Form 4797 first and then to Sch C.

[Matt Sova]

4797

Bottom of page 2 on the 4797 then to the sch C

[Gretel]

Thank you so much.

[Roland Slugg]

Agree ... F-4797

You may wish to read the instructions for F-4797, Part IV.