Article by Thomas Spade featured in TaxNotes

Thomas Spade, senior instructor of accounting, was featured in the January 20, 2025, edition of TaxNotes with his article, “Depreciation Recapture and the South Carolina Capital Gain Deduction.”

In this article, Spade analyzes depreciation recapture, focusing on South Carolinaʹs longterm capital gain deduction, its legislative history, and arguments for and against its inclusion; provides an example of federal and state treatment; and discusses how other states with preferential treatment of long-term capital gains treat unrecaptured IRC section 1250 gain.

Read the full article.