Janice Morgan 2012 Tax Return_T12_For_Records

150db g amt convention hyhalf

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Unformatted text preview: line) . . . . . . . . . . . . . . . . 150DB g. AMT Convention (HY=Half year; MQ=Mid-quarter; MM=Mid-month; FM=Full-month) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HY 0 h. Alt Min Tax Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 i. Alt Min Tax Adjustment (Reg Dep'n - Alt Min Tax Dep'n) . . . . . . . . . . . . . . . . . . Note: If this activity is passive, the AMT adjustment on line i. carries to the AMT Passive Activity Worksheet on Schedule C, Schedule F, the Rentals and Royalty Worksheet, or Form 4835. From the AMT Passive Activity Worksheet, data goes to Form 6251, line 19. If this activity is non-passive, line i. carries directly to Form 6251, line 18 or 27, as appropriate. Note: If you designated this Depreciation Worksheet to carry to Form 2106, Form 2106-EZ, or Schedule A, then the AMT adjustment on line i. above doesn't carry to Form 6251. END OF PAGE 2 a. b. c. d. DEPRECN WKS DEPRECIATION WORKSHEET 2012 Not For Filing DEPRECN WKS ASSET: Furniture DEPRECIATION WORKSHEET 2012 page 3 12. SUMMARY a. b. c. d. Year Dep'n Basis Year Dep'n Basis Regular depreciation allowed this year (from above) . . . . . . . . . . . . . . . . . . . . Bonus depreciation allowed this year (from above) . . . . . . . . . . . . . . . . . . . . . Section 179 deduction allowed this year (from above) . . . . . . . . . . . . . . . . . . . Depreciation chart for this asset (up to 20 years). Note: Assumes 100% business and/or investment use. Adjust depreciation for any year for actual business % and investment %. 2012 2013 0 0 2014 0 0 2015 0 0 2016 0 0 2017 0 0 2018 0 0 2019 0 0 0 0 13. STATE DEPRECIATION Because many states have not conformed to the various federal laws passed since September 11, 2001 allowing "bonus" depreciation, you may be entitled to different depreciation amounts for federal and state purposes. This worksheet section supplies numbers related to state depreciation in nonconforming states. Y...
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This document was uploaded on 02/09/2014.

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