<prompt> Human: I work as a contractor new to it and last year I bought a laptop and so I am going to put it down as a tax deduction since it is for work. However I might sell it and upgrade. If I do so, do I have to report what I sell the laptop for as income? I feel like yes duh but I would like to know for sure. Couldnt find anything by searching, or I might not know what to search fo.rThanks a bunch!  <response>: If you sell, exchange, or otherwise dispose of the property, do not figure the recapture amount under the rules explained in this discussion. Instead, use the rules for recapturing depreciation explained in chapter 3 of Publication 544 under Section 1245 Property.I trust that clears up all your questions. 