? asked in Business & FinancePersonal Finance · 2 months ago

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!!!!

1 Answer

  • Eva
    Lv 7
    2 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.

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