IRS Form: Depreciation Form Instructions (IRC §168)

Form 4562 Instructions released January 16 with changes made to reflect the 2017 tax act (Pub. L. No. 115-97). The form is used to claim depreciation and amortization, make a tax code Section 179 election to expense certain property, and provide information ont he business/investment use of automobiles and other listed property. The instructions note new Section 179 qualified property and dollar amounts for 2018 and changes to alternative depreciation system recovery period for residential rental property. [IRS Form 4562 Instructions]

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