Depreciation Recapture
topic on 1 show · 1 statements across 1 episodes
1 statements about Depreciation Recapture, every show
Offsetting capital gains with jet depreciation creates an expensive tax trap
“Recapture is always taxed at ordinary income rates. So if you buy an airplane, And try to offset capital gains, right? Which is like, well, let's say your SpaceX shares, and then you sell it five years later and you recapture at ordinary income, you're essenti…”