Janice Morgan 2012 Tax Return_T12_For_Records

d check here if you acquired

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Unformatted text preview: e-kind exchange or involuntary conversion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d-1 Check here if you are making an election under Regulations section 1.168(i)-6(i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Note: Special rules apply to trade-in's and involuntary conversions. If you checked box d. above, review the IRS instructions to Form 4562 and adjust your entries accordingly. 4. TYPE OF ASSET a. Enter the type of asset: Office furniture and fixtures i. Residential rental appliances, carpets, and furniture: if placed in service before 1999, "X" here to continue treating as 7-year property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ii. Computer software: "X" here if this software was included in the cost of the underlying hardware . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Note: If this software is a Section 197 intangible, you will need to amortize its cost. See the IRS instructions to Form 4562 for details and override as necessary. b. Low income housing that was first placed in service 1981-86? . . . . . . . . . . . . . . . . . . . . . . . N c. Depreciation Code (1-26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Note: For a list of Depreciation Codes, see "Explain This Form" for the Depreciation Worksheet or click on the question on the right. d. Is this "listed property" (if "Y," depreciation may be slower) . . . . . . . . . . . . . . . . . . . . . . . . . N If "Y", do you have evidence to support your i. business/investment use? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ii. Is the evidence written? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If you used this property as an employee, was your use iii. for the convenience...
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