Tab 1: Depreciable Property
Depreciable Property Defined, Repairs vs. Capitalized Costs, Capitalization Policies, Leased Property, Depreciable Basis, Property Converted From Personal Use, Property Acquired as a Gift, Property Acquired in a Non-Taxable Transaction, Property That Cannot Be Depreciated, Quick Chart of Selected Assets.
Tab 2: MACRS
MACRS General Rules, Recovery Periods, Conventions, Placed in and Taken out of Service, AMT Depreciation, SL MACRS, Alternative Depreciation System (ADS), Short Tax Years, Farm Property, Property used in a Residential Rental Activity, NY Liberty Zone Property, Gulf Opportunity Zone Property, General Asset Accounts, Changes in Use.
Tab3: Other Depreciation Methods
ACRS, Assets Placed in Service Before 1981.
Tab 4: Depreciation Tables
MACRS Depreciation Tables for All Recovery Periods and Conventions. Straight Line Tables for when the Alternative Depreciation System is Elected or Required.
Tab 5: Section 179 Expensing
Annual Dollar Limit, Investment Limit, Increased Limits for Targeted Areas, Taxable Income Limit, Pass-Through Entities, Recapture, What Property Qualifies?, Late Elections to Claim Section 179, Quick List of Eligible Property.
Tab 6: Vehicles and Listed Property
Special Rules for "Listed Property", Section 280F Depreciation Limits on Passenger Vehicles, Using Standard Mileage Rates, Leased Autos (and Income Inclusion Tables), Hybrid Vehicle Tax Credit, Electric Vehicles, Business Vehicle Quick Facts.
Tab 7: Real Property
Real Property Defined, Billboards, Gas Stations and Convenience Stores, Farm Buildings, Business Use of Home, Land Improvements, Leasehold Improvements, Gulf Opportunity Zone Demolition and Clean-up Costs, Deduction for Energy Efficient Commercial Buildings, Credit for Builders of Energy-efficient Homes, Identifying Personal Property Included in a Building’s Cost (Cost Segregation), Quick List of Real vs. Personal Property.
Tab 8: Sales and Dispositions
Sales of Assets Used in a Trade or Business (Section 1231 property), Depreciation Recapture, Sales of Depreciable Real Property, Foreclosures and Repossessions, Installment Sales.
Tab 9: Exchanging Property
Like-Kind Exchanges, What Is Like-Kind Property?, Depreciation After a Like-Kind Exchange, Deferred Exchanges, Multi-Party Exchanges, Involuntary Conversions, Special Rule for Condemned Real Estate, Exchanging Life Insurance and Annuity Contracts.
Tab 10: Correcting Depreciation Errors
Catch-Up Depreciation, Requesting an Accounting Method Change, Section 481(a) Adjustments, Depreciation Changes for Disposed Assets, Errors Corrected on an Amended Return, Sample Form 3115.
Tab 11: Intangibles and Amortization
Computer Software, Section 197 Intangibles, Business Start-up and Organizational Costs, Geopolitical and Geophysical Costs, Reforestation Costs, Research and Experimental Costs, Income Forecast Method.
Tab 12: IRS Materials
IRS Revenue Procedures 87-56 and 2004-11, Selected IRS Forms and Instructions.
Tab 13: Glossary
Tab 14: Index
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