How do you do Line 25 of Form 4562.?
Special depreciation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use.
It says to see instructions and then the instructions are telling me to jump all over the place. My brain hurts!!!!
- EvaLv 72 months ago
Special depreciation allowance is either 50% or 100% of qualified property. You probably shouldn't be doing business taxes (especially if it's a new business) if you don't understand how to do depreciation.