| Print Worksheet for IRS 4562 Depreciation and Amortization (tffam1411m000) |  |
| Use this session to provide Federal Tax book data in IRS Form 4562 format. Note The report is a worksheet designed to help tax preparers ensure that tax data is being used properly. Related topics Federal Tax - U.S. Reporting
Fields | Description
Tax Year | Displays the tax year. Related topics To print a document or a report
Federal Tax Book | Select the federal tax book.
SIC Code | Specify a SIC code.
Tax ID | Specify a Tax ID.
Maximum Dollar Limitation | The maximum Section 179 expense deduction of $18,000 is increased by the smaller of $20,000 or the cost of Section 179 property that is also qualified zone property.
Threshold Cost of Sec 179 Property before Reduction | This value is $200,000.
Carryover of Disallowed Deduction from 1996 | The carryover of disallowed deduction from last year is the amount of section 179 property, if any, you elected to expense in previous years, but not allowed as a deduction due to the business income limitation.
Business Income Limitation | The section 179 expense deduction is further limited to the business income limitation under section 179(b)(3) of the IRS regulations.
Currency | From the Tools menu, choose Rotate Currency to switch home currencies.
Print line 6 detail schedule | Select this check box to print the line 6 detail schedule.
Print line 24 detail schedule | Select this check box to print the line 24 detail schedule.
Print line 25 detail schedule | Select this check box to print the line 25 detail schedule.
Print line 40 detail schedule | Select this check box to print the line 40 detail schedule.
Print section B detail schedule | If this check box is selected, to print Section B detail schedule.