2017 _ Form 1040 _ Tax Returns - Laserfiche WebLink

Home Browse Search

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2017) OMB No. 1545-0172Depreciation and Amortization 4562Form (Including Information on Listed Property) Department of the Treasury Internal Revenue Service Attachment Sequence No.179Go to Identifying numberName(s) shown on return Business or activity to which this form relates Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. 1 Maximum amount (see instructions)1 2 Total cost of section 179 property placed in service (see instructions) 2 3 Threshold cost of section 179 property before reduction in limitation (see instructions)3 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0-4 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions 5 5 (a) Description of property (b) Cost (business use only)(c) Elected cost6 7 Listed property. Enter the amount from line 297 8 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 9 Tentative deduction. Enter the smaller of line 5 or line 8 9 10Carryover of disallowed deduction from line 13 of your 2016 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 don't enter more than line 11 12 13 13 Note: Don't use Part II or Part III below for listed property. Instead, use Part V. MACRS Depreciation (Don't include listed property.) (See instructions.) (b) Month and year placed in service (c) Basis for depreciation (business/investment use (d) Recovery period(a) (e) Convention (f) Method (g) Depreciation deduction Section B 3-year property 19a 5-year property b 7-year property c 10-year propertyd 15-year propertye 20-year propertyf S/L MM27.5 yrs. Residential rental property h S/L MM27.5 yrs. S/L MMNonresidential real property i S/L MM Section C S/L 20a Class life S/L b 12-year 40 yrs. MM S/L c 40-year Special Depreciation Allowance and Other Depreciation (Don't include listed property.) MACRS deductions for assets placed in service in tax years beginning before 201717 17 15Property subject to section 168(f)(1) election15 Other depreciation (including ACRS)16 16 Summary (See instructions) 2121Listed property. Enter amount from line 28 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 corporations - see instructions 22 22 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 Form 4562For Paperwork Reduction Act Notice, see separate instructions. Part IV Part I Part II Part III Attach to your tax return. 39 yrs. Section A 18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here Classification of property 25-year propertyg 25 yrs. S/L during the tax year (see instructions) 14 14 2017 only - see instructions) 12 yrs. Special depreciation allowance for qualified property (other than listed property) placed in service Carryover of disallowed deduction to 2018. Add lines 9 and 10, less line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . UYA (See instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (99) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assets Placed in Service During 2017 Tax Year Using the General Depreciation System — Assets Placed in Service During 2017 Tax Year Using the Alternative Depreciation System — www.irs.gov/Form4562 for instructions and the latest information. Shanon M Larimer Form 8829 - Business or Market 302-86-8984 03/2017 47,117. 39 yrs. 958. 958.