Recovery Property


DEFINITION of 'Recovery Property'

A specific class of depreciable real estate. Recovery property describes tangible depreciable 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.

BREAKING DOWN 'Recovery Property'

The ACRS recovery period for recovery property has long-since expired, and all real estate that qualified as recovery property is now fully depreciated. 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.

  1. Capital Recovery

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  2. Above The Line Deduction

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  3. Tax Deduction

    A deduction from gross income that arises due to various types ...
  4. Real Property

    Any property that is attached directly to land, as well as the ...
  5. Modified Accelerated Cost Recovery ...

    The new accelerated cost recovery system, created after the release ...
  6. Depreciation

    1. A method of allocating the cost of a tangible asset over its ...
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