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.
Cost Recovery Recapture
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.
