| Publication 225, Farmer's Tax Guide |
2006 Tax Year |
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Form 4562, Depreciation and Amortization 2006, Page 2. Summary: This is an example of Form 4562, Page 2 with these line items filled out:
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Under
“Part V: Listed Property--Section A--Depreciation and Other Information”:
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“24a. Do you have evidence to support the business/investment use claimed?” Yes checkbox checked
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“24b. If Yes, is the evidence written?” Yes checkbox checked
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“26. Property used more than 50% in a qualified business use (see page 8 of the instructions):”
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“(a) Type of property (list vehicles first)” field contains PICKUP TRUCK
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“(b) Date placed in service” field contains 5-18-01 and 6-22-95
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“(c) Business/Investment use percentage” field contains 100% and 100%
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“(d) Cost or other basis” field contains 7,076
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“(e) Basis for depreciation (business/investment use only)” field contains and 7,076
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“(f) Recovery period” field contains 5
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“(g) Method/Convention” field contains 150DB/HY
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“(h) Depreciation deduction” field contains 1,179
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“(i) Elected section 179 cost” field contains 0
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“28. Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1” field contains 1,179
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“29. Add amounts in column (i), line 26. Enter here and on line 7, page 1” field contains 0
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Under
“Section B--Information on Use of Vehicles”:
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“30. Total business/investment miles driven during the year (do not include commuting miles--see page 2 of the instructions)”
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“(a) Vehicle 1” field contains 11,350
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“31. Total commuting miles driven during the year”
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“(a) Vehicle 1” field contains 0
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“32. Total other personal (noncommuting) miles driven”
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“(a) Vehicle 1” field contains 0
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“33. Total miles driven during the year. Add lines 30 through 32”
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“(a) Vehicle 1” field contains 11,350
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“34. Was the vehicle available for personal use during off-duty hours?” Yes checkbox checked for Vehicle 1
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“35. Was the vehicle used primarily by a more than 5% owner or related person?” Yes checkbox checked for Vehicle 1
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“36. Is another vehicle available for personal use?” Yes checkbox checked for Vehicle
1
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