Tab 1: Depreciable Property
What Is Depreciable Property?, Leased Property, Repairs vs. Capitalized Costs, Capitalization Policies, Depreciable Basis, Property Acquired By Purchase, Example of a Closing Statement?Purchase of a Rent House, Property Converted From Personal Use, Inherited Property, Property Acquired as a Gift, Property Acquired in Tax-Free Transactions, Quick Chart of Selected Assets
Tab 2: MACRS
MACRS General Rules, Depreciation Methods, Alternative Depreciation System (ADS), Assigning the Recovery Period, Conventions, Placed In and Taken Out of Service, Alternative Minimum Tax (AMT) Depreciation, Adjusted Current Earnings (ACE)—C Corporations, Farm Property, Short Tax Years, Additional First-Year Depreciation, Qualified Kansas Disaster Area Property, Qualified Disaster Assistance Property, Qualified Gulf Opportunity (GO) Zone Property, New York (NY) Liberty Zone Property, General Asset Accounts, Changes in an Asset?s Use
Tab 3: Other Depreciation Methods
Accelerated Cost Recovery System (ACRS), Alternate ACRS Method (Modified Straight-Line Method), ACRS Deductions in Short Tax Years, Other Depreciation Methods, Assets Placed in Service Before 1981, ACRS Table 1—Three-Year Property, ACRS Table 2—Five-Year Property, ACRS Table 3—10-Year Property, ACRS Table 4—15-Year Real Property, ACRS Table 5—Low-Income Housing, ACRS Table 6—Low-Income Housing, ACRS Table 7—18-Year Real Property, ACRS Table 8—18-Year Real Property, ACRS Table 9—19-Year Real Property, ACRS Table 10—18-Year Alternate (Straight-Line) ACRS, 18-Year Real Property, ACRS Table 11—18-Year Alternate (Straight-Line) ACRS, 18-Year Real Property, ACRS Table 12—35-Year Alternate (Straight-Line) ACRS, 18-Year Real Property, 15-Year Real Property and Low-Income Housing, ACRS Table 13—35-Year Alternate (Straight-Line) ACRS, 18-Year Real Property, ACRS Table 14—35-Year Alternate (Straight-Line) ACRS, Low-Income Housing, ACRS Table 15—19-Year Alternate (Straight-Line) ACRS, 19-Year Real Property, ACRS Table 16—35-Year Alternate (Straight-Line) ACRS, 19-Year Real Property, ACRS Table 17—45-Year Alternate (Straight-Line) ACRS, 15-Year Real Property, 18-Year Real Property and Low-Income Housing, ACRS Table 18—45-Year Alternate (Straight-Line) ACRS, 18-Year Real Property and 19-Year Real Property
Tab 4: MACRS Depreciation Tables
Table 1—Three-Year MACRS, Table 2—Five-Year MACRS, Table 3—Seven-Year MACRS, Table 4—10-Year MACRS, Table 5—15-Year MACRS, Table 6—20-Year MACRS, Table 7—MACRS Residential Rental Property—(27.5-Year), Table 8—MACRS Nonresidential Real Property—(31.5-Year), Table 9—MACRS Nonresidential Real Property—(39-Year), Table 10—150% Declining Balance—All Lives?Half-Year Convention, Table 11—150% Declining Balance—All Lives—Mid-Quarter Convention, Property Placed in Service 1st Quarter, Table 12—150% Declining Balance—All Lives—Mid-Quarter Convention, Property Placed in Service 2nd Quarter, Table 13—150% Declining Balance—All Lives—Mid-Quarter Convention, Property Placed in Service 3rd Quarter, Table 14—150% Declining Balance—All Lives—Mid-Quarter Convention, Property Placed in Service 4th Quarter, Table 15—Straight-Line—All Lives?Half-Year Convention, Table 16—Straight-Line—All Lives—Mid-Quarter Convention, Property Placed in Service 1st Quarter, Table 17—Straight-Line—All Lives—Mid-Quarter Convention, Property Placed in Service 2nd Quarter, Table 18—Straight-Line—All Lives—Mid-Quarter Convention, Property Placed in Service 3rd Quarter, Table 19—Straight-Line—All Lives—Mid-Quarter Convention, Property Placed in Service 4th Quarter, Table 20—Straight-Line—40-Year—Mid-Month Convention, Table 21—MACRS with 50% Additional First-Year Depreciation—All Lives—Half-Year Convention, Table 22—MACRS with 50% Additional First-Year Depreciation—All Lives—Mid-Quarter Convention, Property Placed in Service 1st Quarter, Table 23—MACRS with 50% Additional First-Year Depreciation—All Lives—Mid-Quarter Convention, Property Placed in Service 2nd Quarter, Table 24—MACRS with 50% Additional First-Year Depreciation—All Lives—Mid-Quarter Convention, Property Placed in Service 3rd Quarter, Table 25—MACRS with 50% Additional First-Year Depreciation—All Lives—Mid-Quarter Convention, Property Placed in Service 4th Quarter
Tab 5: Section 179 Expensing
Expensing Assets under Section 179, Annual Dollar Limit, Investment Limit, Increased Limits for Targeted Areas, Business Taxable Income Limit, Pass-Through Entities, Recapture, What Property Qualifies?, Election, Advantages of Section 179 Deduction
Tab 6: Vehicles and Listed Property
Special Rules for Listed Property, Limits on Vehicle Depreciation, Standard Mileage Rates vs. Actual Costs, Leased Autos, Hybrid Vehicle Tax Credit, Business Vehicles?Quick Facts, Lease Income Inclusion Tables—Passenger Autos, Lease Income Inclusion Tables—Trucks and Vans, Lease Income Inclusion Tables—Electric Autos
Tab 7: Real Property
What Is Real Property?, Billboards, Gas Stations and Convenience Stores, Farm Buildings, Business Use of Home, Land Improvements, Energy-Efficient Commercial Building Deduction, Builders of Energy-Efficient New Homes Credit, Leasehold Improvements, Finding Personal Property Included in a Building?s Cost (Cost Segregation), Quick List—Court Cases on Real vs. Personal Property, Guide to Assets Used in Casino/Hotel Industry, Guide to Assets Used in the Restaurant Industry, Guide to Assets Used in a Retail Business, Guide to Assets Used in the Biotech/Pharmaceutical Industry, Guide to Assets Used in the Auto Dealership Industry
Tab 8: Sales and Dispositions
Disposing of Business Assets (Section 1231 Transactions), Depreciation Recapture, Section 1245 Depreciation Recapture, Section 1250 Depreciation Recapture, Other Recapture Events, Sales of Depreciable Real Property, Installment Sale