IRS Form 4797- Guide for How to Fill in IRS Form 4797

Yandra Llovet, CPA | Tax Strategy on Instagram: "Ahhh the one thing IG gurus forget to tell you!! How Depreciation Recapture Works Sure.. is great to take advantage of tax laws to decrease your tax burden but is imperative that you also understand consequences. You see if you purchase a vehicle for business use purposes, yes you can write off 100% of the full cost of the vehicle as Depreciation Expense under the new One Big Beautiful Bill starting tax year 2025. BUT once you trade-in or sell tha