Real Estate Glossary

Cost Recovery Recapture

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Richard Wilson
Written by Richard Wilson

For the properties that were sold after 5/6/1997, noncorporate taxpayers must pay or recapture taxes on any straight line cost recovery that happened during the holding period. This is according to the Taxpayer Relief Act of 1997.

For the properties that were sold after 5/6/1997, noncorporate taxpayers must pay or recapture taxes on any straight line cost recovery that happened during the holding period. This is according to the Taxpayer Relief Act of 1997.

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Richard Wilson

Richard Wilson

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