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Recaptured Depreciation
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Fetv
Posted 11/12/2026 07:05 (#11800609 - in reply to #11800499)
Subject: RE: Recaptured Depreciation


Indiana
This^^^^. Upon death equipment and land would reset to fair market value at date of death.

So if u willed him a tractor worth $50k. The $50 could be redepreciated.

Presuming he was in the 30% tax bracket that would save him $15k in tax. If he sold it for $50k no tax on sale. Same with land, no tax on sale.

Edited by Fetv 11/12/2026 07:06
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