# Enrolled Agent Exam [Part 2] 46, Section 1245 Depreciation Recapture

Page: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-46-section-1245-depreciation-recapture
Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-46-section-1245-depreciation-recapture.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-06-12T22:41:20+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/43eaa294-b897-49c3-a000-fab96db8e560.mp3
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Duration seconds: 158

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Section 1245 recaptures depreciation on personal property as ordinary income. - The recapture amount is the lesser of the gain realized or the total depreciation taken. - Any gain exceeding the recaptured amount is typically treated as a Section 1231 gain. - Section 1245 applies to assets like equipment and vehicles, not buildings (which are Section 1250). - All transactions involving Section 1245 property are reported on Form 4797. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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