Janice Morgan 2012 Tax Return_T12_For_Records

Summary a b c d year depn basis year depn basis

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Unformatted text preview: WORKSHEET 2012 Not For Filing DEPRECN WKS ASSET: Computer 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 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. Your state program will advise you if you need to refer to this section to complete your state return. a. b. c. d. If bonus depreciation is being claimed on your federal return, the amount of 2012 bonus depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If bonus depreciation was claimed in a prior year under federal law, the amount of prior year bonus depreciation . . . . . . . . . . . . . . . . . The amount of federal depreciation to which you would have been entitled in 2012 for this asset without the federal laws allowing bonus depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The difference between the amount of depreciation actually being taken for this asset on your federal return and the amount of depreciation to which you would have been entitled without the federal laws allowing bonus depreciation . . . . . . . . . . . . . . . . . . . . 0 0 40,000 Not For Filing...
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This document was uploaded on 02/09/2014.

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