Form 4562 Depreciation and Amortization 2005. Summary: This is an example of Form 4562 (2005) as pertains to the text. The line items completed are as follows:
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“Name(s) shown on return” field contains John R. (Deceased) & Mary L. Smith
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“Identifying number” field contains 234-00-7890
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Under
“Part III: M.A.C.R.S. Depreciation (Do not include listed property.)--Section A”:
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“17. M.A.C.R.S. deductions for assets placed in service in tax years beginning before 2005” field contains
1,211
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Under
“Section C--Assets Placed in Service During 2004 Tax Year Using the Alternative Depreciation System”:
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“20c(b) Month and year placed in service” field contains 4-05
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“20c(c) Basis for depreciation (business/investment use only--see instructions)” field contains 50,000
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“20c(g) Depreciation deduction” field contains 886
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Under
“Part IV: Summary”:
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“22. Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the
appropriate lines
of your return. Partnerships and S corporations--see instructions.” field contains
2,097
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