Form 4562 Depreciation And Amortization {4562} | Pdf Fpdf Docx | Official Federal Forms

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Form 4562 Depreciation And Amortization {4562} | Pdf Fpdf Docx | Official Federal Forms

Form 4562 Depreciation And Amortization {4562}

This is a Official Federal Forms form that can be used for Department Of Treasury.

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Form 4562 Department of the Treasury Internal Revenue Service (99)Depreciation and Amortization (Including Information on Listed Property) Attach to your tax return. Go to www.irs.gov/Form4562 for instructions and the latest information. OMB No. 1545-0172 2018 Attachment Sequence No. 179 Name(s) shown on return Business or activity to which this form relates Identifying number Part I Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I.1Maximum amount (see instructions) ....................... 1 2Total cost of section 179 property placed in service (see instructions) ........... 2 3Threshold cost of section 179 property before reduction in limitation (see instructions) ...... 3 44 5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions ......................... 5 6 (a) Description of property (b) Cost (business use only) (c) Elected cost 7Listed property. Enter the amount from line 29 ......... 7 8Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 ...... 8 9Tentative deduction. Enter the smaller of line 5 or line 8 ................ 9 10Carryover of disallowed deduction from line 13 of your 2017 Form 4562........... 10 11Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions. 11 12Section 179 expense deduction. Add lines 9 and 10, but don222t enter more than line 11 ...... 1213Carryover of disallowed deduction to 2019. Add lines 9 and 10, less line 12 13 Note: Don222t use Part II or Part III below for listed property. Instead, use Part V. Part II Special Depreciation Allowance and Other Depreciation (Don222t include listed property. See instructions.)14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See instructions....................... 14 15Property subject to section 168(f)(1) election .................... 15 1616 Part III MACRS Depreciation (Don222t include listed property. See instructions.) Section A17MACRS deductions for assets placed in service in tax years beginning before 2018 ....... 1718 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here ...................... Section B227Assets Placed in Service During 2018 Tax Year Using the General Depreciation System (a) Classification of property (b) Month and year placed in service (c) Basis for depreciation (business/investment use only227see instructions) (d) Recovery period (e) Convention (f) Method (g) Depreciation deduction 19a 3-year property b 5-year property c 7-year property d 10-year property e 15-year property f 20-year property g 25-year property hResidential rental property i Nonresidential real property Section C227Assets Placed in Service During 2018 Tax Year Using the Alternative Depreciation System 20a Class life b 12-year c 30-year d 40-year Part IV Summary (See instructions.)21Listed property. Enter amount from line 28 .................... 21 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations227see instructions . 2223 For assets shown above and placed in service during the current year, enter theportion of the basis attributable to section 263A costs ........ 23 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N Form 4562 (2018) American LegalNet, Inc. www.FormsWorkFlow.com Form 4562 (2018) Page 2 Part VListed Property (Include automobiles, certain other vehicles, certain aircraft, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable. Section A227Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.)24aDo you have evidence to support the business/investment use claimed? Yes No24bIf 223Yes,224 is the evidence written? Yes No (a) Type of property (list vehicles first) (b) Date placed in service (c) Business/ investment use percentage (d) Cost or other basis (e) Basis for depreciation (business/investment use only) (f) Recovery period (g) Method/ Convention (h) Depreciation deduction (i) Elected section 179 cost25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use. See instructions . 25 26 Property used more than 50% in a qualified business use: % % % 27 Property used 50% or less in a qualified business use: % S/L 226 % S/L 226 % S/L 226 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 . 28 29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 ............ 29 Section B227Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor, partner, or other 223more than 5% owner,224 or related person. If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles. 30 Total business/investment miles driven during the year (don222t include commuting miles) . (a) Vehicle 1 (b) Vehicle 2 (c) Vehicle 3 (d) Vehicle 4 (e) Vehicle 5 (f) Vehicle 631 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven ......... 33 Total miles driven during the year. Add lines 30 through 32 ....... 34Was the vehicle available for personal Yes No Yes No Yes No Yes No Yes No Yes Nouse during off-duty hours?..... 35 Was the vehicle used primarily by a more than 5% owner or related person? .. 36 Is another vehicle available for personal use? Section C227Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren222t more than 5% owners or related persons. See instructions.37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, byyour employees? ................................ Yes No 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners .. 39 Do you treat all use of vehicles by employees as personal use? ................ 40 Do you provide more than five vehicles to your employees, obtain information from your employees about theuse of the vehicles, and retain the information received? ................... 41 Do you meet the requirements concerning qualified automobile demonstration use? See instructions. .... Note: If your answer to 37, 38, 39, 40, or 41 is 223Yes,224 don222t complete Section B for the covered vehicles. Part VI Amortization (a) Description of costs (b) Date amortization begins (c) Amortizable amount (d) Code section (e) Amortization period or percentage (f) Amortization for this year42 Amortization of costs that begins during your 2018 tax year (see instructions): 43 Amortization of costs that began before your 2018 tax year ............. 43 44 Total. Add amounts in column (f). See the instructions for where to report ........ 44 Form 4562 (2018) American LegalNet, Inc. www.FormsWorkFlow.com

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