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CA Tax Preparers

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    #1

    CA Tax Preparers

    I have a client who is a resident in CA. In 2003 purchased heavy vehicle for $ 48000. Took IRC 179 of $ 48000 for Federal & 25000 for CA (max allow) Now in Feb 07 converts to personal use. For Federal must recapture using 5 yr SL. Does CA have a recapture provision --if yes can MACRS depreciation be used rather than SL?. I assume if conversion to personal use takes place that 1/2 yr deprec. can be claimed in that year.

    Thanks So Much
    Appreciate your comments
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