recapture amount
Defined in 4 places of the United States Code.
For purposes of paragraph (1), the term “recapture amount” means the lesser of—
(A) the prior understated inclusions, or
(B) the excess of the amount realized (or in the case of a disposition other than a sale, exchange, or involuntary conversion, the fair market value of the property) over the adjusted basis of such property.
Source
- 2013–present26 U.S.C. § 467Internal Revenue Code · Certain payments for the use of property or services · for purposes of this title
For purposes of paragraph (1), the term "recapture amount" means the lesser of—
(A) the prior understated inclusions, or
(B) the excess of the amount realized (or in the case of a disposition other than a sale, exchange, or involuntary conversion, the fair market value of the property) over the adjusted basis of such property.
The amount determined under subparagraph (B) shall be reduced by the amount of any gain treated as ordinary income on the disposition under any other provision of this subtitle.
Source
- 1994–201526 U.S.C. § 467Internal Revenue Code · Certain payments for the use of property or services · for purposes of this title
For purposes of subparagraph (A), the term “recapture amount” means any amount allowable as a deduction to the taxpayer which, but for an election under subsection (d)(3), would have been capitalized with respect to the plant.
Source
- 1994–present26 U.S.C. § 263AInternal Revenue Code · Capitalization and inclusion in inventory costs of certain expenses · in this section
If during any taxable year there is a recapture amount determined with respect to any property the basis of which was reduced under paragraph (1), the basis of such property (immediately before the event resulting in such recapture) shall be increased by an amount equal to such recapture amount. For purposes of the preceding sentence, the term “recapture amount” means any increase in tax (or adjustment in carrybacks or carryovers) determined under subsection (a).
Source
- 1994–present26 U.S.C. § 50Internal Revenue Code · Other special rules · for purposes of this subtitle
If, during any taxable year, there is a recapture amount determined with respect to any property the basis of which was reduced under subparagraph (A), the basis of such property (immediately before the event resulting in such recapture) shall be increased by an amount equal to such recapture amount. For purposes of the preceding sentence, the term “recapture amount” means any increase in tax (or adjustment in carrybacks or carryovers) determined under subsection (d).
Source
- 2001–present26 U.S.C. § 45FInternal Revenue Code · Employer-provided child care credit · under this section