recapture

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  • TAX
    Senior Member
    • Dec 2005
    • 330
    #1

    recapture

    Client used company car for two years and took depreciation.

    In 2007 she converted to personal use and starts taking mielage.

    I think I need to recapture because of conversion to personal use.

    can someone confirm, please?

    Thanks
    Tags: None
    • veritas
      Senior Member
      • Dec 2005
      • 3290
      #2
      Look at page

      10-8 in TTB.

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