Janice Morgan 2012 Tax Return_T12_For_Records

Your state program will advise you if you need to

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Unformatted text preview: our 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 17,000 Not For Filing DEPRECIATION Janice DEPRECIATION WORKSHEET - NO VEHICLES (For Vehicles, use the "Vehicle Worksheet") Morgan SSN: 2012 123-45-6789 Use this Worksheet to figure your depreciation for assets other than cars and trucks. Enter information about your cars and trucks on the "Vehicle Worksheet." Note: If you used this asset for more than one business or activity, you will need to treat the asset as a "different" asset for each business or activity and enter information about the asset on more than one Depreciation Worksheet. Note: If you're electing to group assets into one or more general asset accounts under section 168(i)(4), you'll need to treat (for purposes of depreciation) the assets in each general asset account as a single asset. Therefore, you should complete ONLY one Depreciation Worksheet for each general asset account. Note: Special rules apply to leasehold improvement property. See the IRS instructions to Form 4562 and IRS Publication 946 and override our calculations as necessary. Note: Special rules apply to property used on an...
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