This publication explains how you can recover the cost of business or income-producing property through deductions for depreciation. It also
explains how you can elect to take a section 179 deduction, instead of depreciation deductions, for certain property and the additional rules for
"listed property." In addition, the publication describes how to figure depreciation and how to fill out Form 4562, Depreciation and
The depreciation methods discussed in this publication do not generally apply to property placed in service before 1987. If you want information
about depreciating such property, see Publication 534.
Many of the terms used in this publication are defined in the Glossary near the end of the publication.
Do you need a different publication?
The following table shows where you can get more detailed information when depreciating certain types of property.
||463, Travel, Entertainment, Gift, and Car Expenses|
|Residential rental property
||527, Residential Rental Property|
|Office space in your home
||587, Business Use of Your Home|
||225, Farmer's Tax Guide|
Comments and suggestions.
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Internal Revenue Service
Technical Publications Branch
1111 Constitution Ave. NW
Washington, DC 20224
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