Janice Morgan 2012 Tax Return_T12_For_Records

n f is this asset post 88 property

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Unformatted text preview: f. Is this asset post-'88 property that is used in farming? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N 10. DEPRECIATION CALCULATION a. b. c. Method (200DB=200% declining balance; SL=Straight line) . . . . . . . . . . . . . . . . . . . .200DB Convention (HY=Half year; MQ=Mid-quarter; MM=Mid-month; FM=Full-month) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HY 0 The bottom line: Amount of depreciation allowed . . . . . . . . . . . . . . . . . . . . . . . 11. CALCULATION OF ALTERNATIVE MINIMUM TAX ADJUSTMENTS Note: Fill in numbers a, b, c, and/or d below, if they aren't already calculated by the program. Note: Straight-line ("SL" on line 10a above) property placed in service after December 31, 1998, is not subject to any adjustment below for AMT purposes. Also, 150%- or 200%-declining balance ("150DB" or "200DB" on line 10a above) property placed in service after December 31, 1998, has the same number of years of AMT depreciation (see line c below) as regular depreciation (see line 9b above). Not For Filing Is this real estate (Y/N)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N If not real estate, is this leased property (Y/N)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N 7 Number of years (term) for AMT depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If placed in service after 1986, is this excluded from AMT (e.g. unit-of-production, film or videotape, sound recording) (Y/N; usually "N") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N e. Category of Alt Min Tax (if any) that applies: Pre-87 leased prop, other than real estate (6251 line 27b). Pre-87 real estate (6251 line 27a). 1987 and later prop (whether or not real estate, 6251 line 18). None--no Alt Min Tax exposure for this property. f. AMT Method (150DB=150% declining balance; SL=Straight...
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This document was uploaded on 02/09/2014.

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