EFTA01222704.pdf

Depreciation and Amortization ..4562 OMB No. 1545-0172 Department of In C TeCat, J^, (Including Information on Listed Property) ► Attach to your tax return. 2018 Attachment Internal Revenue Sen,ce ► Go to wwwirs.gotelFonn4562 for Instructions and the latest Information. Sequence No. 179 Name(s) shown on return Business or activity to which this form relates Identifying number Part I Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. 1 Maximum amount (see instructions) 2 Total cost of section 179 property placed in service (see instructions) 3 Threshold cost of section 179 property before reduction in limitation (see instructions) 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- 4 5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions (a) Description of property (b) Cost (business use only) (c) Elected cost 7 Listed property. Enter the amount from line 29 I 7 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 9 Tentative deduction. Enter the smaller of line 5 or line 8 9 10 Carryover of disallowed deduction from line 13 of your 2017 Form 4562 10 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions . 11 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 12 13 Carryover of disallowed deduction to 2019. Add lines 9 and 10, less line 12 Illto 13 I Note: Don't use Part II or Part III below for listed property. Instead, use Part V. Lana Special Depreciation Allowance and Other Depreciation (Don't include listed property. See instructions.) 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See instructions 14 15 Property subject to section 168)(1) election 15 16 Other depreciation (including ACRS) 16 Waal MACRS Depreciation (Don't include listed property. See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2018 I 17 I 18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here ►D Section B—Assets Placed in Service During 2018 Tax Year Using the General Depreciation System lb) Month and year Ic) Basis for deo/cabal a _ (a) Classification of property placed in Cousnessarmistment use ('0 nePovscY penod (e) Convention (f) Method (g) Depreciation deduction sercce any—see iretructiors) 19a 3-year property b 5-year property c 7-year property d 10-year property e 15-year property f 20-year property _._ g 25-year property a 25 yrs. S/L h Residential rental 27.5 yrs. MM S/L Properly 27.5 yrs. MM 5/L i Nonresidential real 39 yrs. MM S/L Properly MM S/L Section C—Assets Placed in Service During 2018 Tax Year Using the Alternative Depreciation System 20a Class life S/L b 12-year 12 yrs. S/L c 30-year 30 yrs. MM S/L d 40-year 4Oyrs. MM SA_ Part IV Summary (See instructions.) 21 Listed property. Enter amount from line 28 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations-see instructions 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 For Paperwork Reduction Act Notice, see separate Instructions. Form 4562 poi EFTA01222704 Form 4562 18) Page 2 Listed Property (Include automobiles, certain other vehicles, certain aircraft, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are 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 and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to support the business/investment use claimed? 0 Yes 0 No 1 24b If "Yes," is the evidence written? 0 Yes 0 No (a) (s) (e) (h) (9) Business/ Basis for depreciation Type of property (list Date placed (d) Depreciaton Elected section 179 investment use Cost or other basis fbusrress/investmeM vehicles first) in service deduction cost percentage use only) 25 Special dep elation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use. See instructions . 25 zo rroperty uses more man DUVO in a quaimea business use: % 27 Property used 50% or less in a qualified business use: S/L - S/L - S/L - 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 . 28 29 Add amounts in column (0, line 26. Enter here and on line 7, page 1 29 Section B—Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor, partner, or other "mo e than 5% owner," or related person. If you provided vehicles to your employees, fast answer the questions in Section C to see If you meet an exception to completing this section for those vehicles. (a) (b) (c) MI le) (f) 30 Total business/investment miles driven during Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6 the year (don't include commuting miles) 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add lines 30 through 32 34 Was the vehicle available for personal Yes No Yes No Yes No Yes No Yes No Yes No use during off-duty hours? 35 Was the vehicle used primarily by a more than 5% owner or related person? . . 36 Is another vehicle available for personal use? Section C—Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren't more than 5% owners or related persons. See instructions. 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by Yes No your employees? 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners . 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? See instructions. . . Note: If your answer to 37. 38. 39. 40. or 41 is "Yes." don't complete Section 8 for the covered vehicles. Part VI Amortization (e) (a) 03) Amortization Date amortization (c) (d) (I) Description of costs begins Amortizable amount Code section period or Amortization for this year percentage 42 Amortization of costs that bens during your 2018 tax year (see instructions): 43 Amortization of costs that began before your 20 8 tax year 43 44 Total. Add amounts in column (0. See the instructions for where to report 44 Form 4562 (2018) EFTA01222705