Depreciation under what catagory do I put electric poles and lines

[helen-rodriguez]

this is a farm

[TaxGuyBill · Accepted solution]

I think it would be depreciated over 20 years (see link, asset class 49.11).

https://www.irs.gov/pub/irs-pdf/p946.pdf#page=108

When you enter the asset, select 'Intangibles, Other Assets', then 'Other' on the next screen (see pictures).  Then enter it as a 20 year asset class (technically, that may not be right, but it will make the program work for this purpose).

Doing this will NOT make the depreciation for the "Alternative Depreciation System" (AMT) correct.  If you are subject to AMT (or ever will be in the future), you will need to need the CD/downloaded version, go into the Asset Entry Worksheet via "Forms Mode", and manually override the "20" years for AMT to "50".  That will give an error and you may need to file by mail.