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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
Recaptured Depreciation
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farmin'fool
: 11/11/2026 16:44
RE: Recaptured Depreciation
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Nathan (SD)
: 11/11/2026 17:17
RE: Recaptured Depreciation
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farmin'fool
: 11/11/2026 17:59
RE: Recaptured Depreciation
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rcfynrdt
: 11/11/2026 17:48
RE: Recaptured Depreciation
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farmin'fool
: 11/11/2026 18:14
RE: Recaptured Depreciation
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Farmer087
: 11/11/2026 18:24
RE: Recaptured Depreciation
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farmin'fool
: 11/11/2026 18:47
RE: Recaptured Depreciation
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270
: 11/11/2026 20:20
RE: Recaptured Depreciation
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farmin'fool
: 11/11/2026 18:41
RE: Recaptured Depreciation
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Boone & Crockett
: 11/12/2026 07:31
RE: Recaptured Depreciation
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thunderhut
: 11/11/2026 20:31
RE: Recaptured Depreciation
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jdironman
: 11/11/2026 22:16
RE: Recaptured Depreciation
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MaineFarmer
: 11/12/2026 05:41
RE: Recaptured Depreciation
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Fetv
: 11/12/2026 07:05
RE: Recaptured Depreciation
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farmin'fool
: 11/12/2026 09:15
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