https://ttlc.intuit.com/community/taxes/discussion/i-need-help-with-form-4562/01/1749569#M620775 <P>I have a homework assignment that requires me to fill out Form 4562. I need help with Line 14. You have to find Special depreciation allowance for qualified property (other than listed property). I am completely stumped on it. It says the person uses accelerated depreciation under MACRS and takes bonus depreciation. Here's the purchases that he made in 2019.</P><P>&nbsp;</P><TABLE border="0" width="400" cellspacing="0" cellpadding="3"><TBODY><TR><TD>Manufacturing equipment (7 year)</TD><TD>June 2</TD><TD>$40,000</TD></TR><TR><TD>Office furniture</TD><TD>September 15</TD><TD>6,000</TD></TR><TR><TD>Office computer</TD><TD>November 18</TD><TD>2,000</TD></TR><TR><TD>Passenger automobile<BR />&nbsp;&nbsp;&nbsp;(used 90 percent for business)</TD><TD><BR />May 31</TD><TD><BR />54,000</TD></TR><TR><TD>Warehouse</TD><TD>June 23</TD><TD>&nbsp;</TD></TR><TR><TD>&nbsp;&nbsp;&nbsp;Building</TD><TD>&nbsp;</TD><TD>165,000</TD></TR><TR><TD>&nbsp;&nbsp;&nbsp;Land</TD><TD>&nbsp;</TD><TD>135,000</TD></TR></TBODY></TABLE> Thu, 03 Dec 2020 00:56:42 GMT sjurbanski 2020-12-03T00:56:42Z https://ttlc.intuit.com/community/taxes/discussion/i-need-help-with-form-4562/01/1749569#M620775 <P>I have a homework assignment that requires me to fill out Form 4562. I need help with Line 14. You have to find Special depreciation allowance for qualified property (other than listed property). I am completely stumped on it. It says the person uses accelerated depreciation under MACRS and takes bonus depreciation. Here's the purchases that he made in 2019.</P><P>&nbsp;</P><TABLE border="0" width="400" cellspacing="0" cellpadding="3"><TBODY><TR><TD>Manufacturing equipment (7 year)</TD><TD>June 2</TD><TD>$40,000</TD></TR><TR><TD>Office furniture</TD><TD>September 15</TD><TD>6,000</TD></TR><TR><TD>Office computer</TD><TD>November 18</TD><TD>2,000</TD></TR><TR><TD>Passenger automobile<BR />&nbsp;&nbsp;&nbsp;(used 90 percent for business)</TD><TD><BR />May 31</TD><TD><BR />54,000</TD></TR><TR><TD>Warehouse</TD><TD>June 23</TD><TD>&nbsp;</TD></TR><TR><TD>&nbsp;&nbsp;&nbsp;Building</TD><TD>&nbsp;</TD><TD>165,000</TD></TR><TR><TD>&nbsp;&nbsp;&nbsp;Land</TD><TD>&nbsp;</TD><TD>135,000</TD></TR></TBODY></TABLE> Thu, 03 Dec 2020 00:56:42 GMT https://ttlc.intuit.com/community/taxes/discussion/i-need-help-with-form-4562/01/1749569#M620775 sjurbanski 2020-12-03T00:56:42Z https://ttlc.intuit.com/community/taxes/discussion/re-i-need-help-with-form-4562/01/1749609#M620788 <P><A href="https://www.irs.gov/instructions/i4562#idm139765158314448" target="_blank">https://www.irs.gov/instructions/i4562#idm139765158314448</A></P> Thu, 03 Dec 2020 02:14:28 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-need-help-with-form-4562/01/1749609#M620788 Anonymous_ 2020-12-03T02:14:28Z