IRS Tax Forms  
Publication 946 2001 Tax Year


This publication explains how you can recover the cost of business or income-producing property through deductions for depreciation. It also explains how you can elect to take a section 179 deduction, instead of depreciation deductions, for certain property and the additional rules for "listed property." In addition, the publication describes how to figure depreciation and how to fill out Form 4562, Depreciation and Amortization.

Caution: The depreciation methods discussed in this publication do not generally apply to property placed in service before 1987. If you want information about depreciating such property, see Publication 534.

Definitions. Many of the terms used in this publication are defined in the Glossary near the end of the publication.

Do you need a different publication? The following table shows where you can get more detailed information when depreciating certain types of property.

For information on depreciating: See Publication:
A car 463, Travel, Entertainment, Gift, and Car Expenses
Residential rental property 527, Residential Rental Property
Office space in your home 587, Business Use of Your Home
Farm property 225, Farmer's Tax Guide

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Internal Revenue Service
Technical Publications Branch
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Washington, DC 20224

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