Janice Morgan 2012 Tax Return_T12_For_Records

23 note if youre subject to the

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Unformatted text preview: r on line 23 the increase in basis during 2012 from costs that are required to be capitalized. KIA END OF PAGE 1 FORM 4562 (CONT'D) PAGE 2 2012*67 FORM 4562 Janice (CONT'D) PAGE 2 Morgan 2012*67 123-45-6789 SSN: PART V LISTED PROPERTY (Includes autos, computers, etc.) Note: For any vehicle for which you're 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 A - Depreciation, Other Info (as limited by "luxury car" rules.) 24a. Evidence of business use claimed? . . . . . . . . . (a) Type of prop (Vehicles first) (b) Date placed in svc (c) (d) % Basis bus (cost or use other) Y 24b. Written? . . . . N (e) Dep basis (bus. use only) (f) (g) Period Method for & ConDeprec vention Y (h) Deductn for dep rec'n N (i) S 179 election 25. Special depreciation allowance for qualified listed property placed in srvc in tax yr and >50% qual bus use (see inst) . . . . . . . . . . . . . . . 25 26. Property used more than 50% in a qualified business use. 27. Property used 50% or less in a qualified business use. SL SL SL 28. Total depreciation (to line 21, above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 0 29. Total section 179 expense (to line 7, above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 0 Section B - Information on Use of Vehicles Always complete this section for vehicles used by a sole proprietor, partner, or other "more than 5% owner," 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. Vehicle 30. 31. 32. 33. 1 2 Total business miles, '12 . . . . . . . Total commuting miles,'12 . . . . . . Other personal miles, '12 . . . . . . . Total miles driven, '12 . . . . . . . . . . 3 0 4 0 5 0 6 0 0 0 For # 34 through 36 below: 34. Was the vehicle available for personal...
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