User contributions for Kendra.parker11

15 October 2026

• 16:2916:29, 15 October 2026 diff hist +11,762‎ N Does the IRS Treat Depreciation Recapture as Regular Farm Income? ‎ Created page with "<html><p> <strong> Short answer:</strong> Often, yes in tax character—but not necessarily as “regular farm income” reported on Schedule F. When a farmer sells depreciated equipment for more than its adjusted tax basis, the gain may be taxed as ordinary income under Internal Revenue Code Section 1245. The farmer generally reports the sale on Form 4797, not as an ordinary sale of crops or livestock on Schedule F.</p> <p> That distinction matters. The sale can produce..." current