Recovery Property

外汇网2021-06-19 14:19:17 145

A specific class of depciable real estate. Recovery property describes tangible depciable property placed in service between 1980-1987, and is eligible for Accelerated Cost Recovery System (ACRS) treatment. The ACRS election was allowed on a property-by-property basis.

The ACRS recovery period for recovery property has long-since expired, and all real estate that qualified as recovery property is now fully depciated. As a result, any ACRS recovery property that is now declared on a tax return should be carefully investigated to ensure validity. ACRS was replaced by the Modified Accelerated Cost Recovery System (MACRS) in 1986.

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