Plain depreciation comes back at sale: the IRS recaptures what you wrote off. A disposition does not. When Alex remodeled his Sea Ranch rental, he removed 50% of the building, wrote off its remaining $335,000 of basis as an ordinary loss, and that deduction left the building for good. It is not in his basis anymore, so there is nothing to recapture later. Then he depreciated the $388K he put back in.
Case-study figures, locked. The panel below explores the disposition mechanic, starting from Alex’s actual remodel.
Starts on Alex’s case.
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Sell at the $837,500 acquisition price: no appreciation, so the only exit cost is depreciation recapture, and the disposition is exempt from it.
Educational illustration, not tax advice. Simplified model anchored to a real client case. Building basis is home value less land. The disposition is the remaining basis of the components removed in the remodel ($335,000, roughly 50% of the $670,000 building basis), taken as a one-time ordinary loss under the partial-asset-disposition rules and not subject to later recapture. The remaining recapture exposure ($177,000) is the rest of the $512,000 year-one deduction; at a flat sale price recapture applies only to the extent of gain. Selling at the acquisition price assumes no appreciation. Cost-seg personal property recaptures at ordinary rates; unrecaptured section 1250 gain is capped at 25%. A partial asset disposition is an election with documentation requirements. Confirm exact figures and eligibility with your CPA.