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Form 4562

Form 4562

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Instructions and help about alcpt form 121

laws dot-com legal forms guide form 4562 is the United States Internal Revenue Service tax form used for reporting to the IRS the depreciation and amortization of equipment used by businesses the most common property claimed on the form 4562 our corporate vehicles and equipment or income producing property which is lost value the form 4562 can be obtained through the IRS s website or by obtaining the documents through a local tax office the form must be used with section 179 of the tax code which states the type of property that can be claimed for depreciation select the values of the property which you are expensing in part 1 include the maximum amount allowed total cost of section 179 property the threshold cost of section 179 property the reduction in limitation and the dollar limitation for the tax year continue listing your section 179 property until you determine your section 179 expense deduction in line 12 if you have any carryover deductions from the previous year enter that a

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