Year end purchase of equipment and tax implications

[Nathan Letourneau]

I am a fix and flip and buy and hold investor.  This year my fix and flip income was better than average and will bump my income into the next tax bracket.  I am thinking about purchasing a used skid steer and trailer this year for upcoming projects (possibly a truck as well).  Searching the forums, I found some information about yr end truck purchases, but not for large equipment.  I plan on writing off the full purchase price this year of the skid steer and trailer.  My question is what happens when I am ready to resell the skid steer?  I would guess there is some sort of recapture of the depreciation if I sell it...correct?  (Otherwise someone would just buy a bunch of stuff in December of one yr, write it off and then resell it the next year)  Does the amount of time I "hold on" to it make any difference?

Thanks

Nathan