Instructions for Form 4562 (2006)

This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

A

Alternative Depreciation System:

Basis for depreciation, Column (c) — Basis for depreciation (business/investment use only).
Classification of property, Column (a) — Classification of property.
Conventions, Column (e) — Convention.
Depreciation deduction, Column (g) — Depreciation deduction.
Placed in service date, Column (b) — Month and year placed in service.
Recovery period, Column (d) — Recovery period.

Alternative minimum tax, Alternative Minimum Tax (AMT)

Amortization:, Part VI. Amortization

Amortizable amount, Column (c) — Amortizable amount.
Amortization deduction, Column (f) — Amortization for this year.
Amortization of costs from prior year, Line 43
Amortization of costs in current year, Line 42
Applicable code section, Column (d) — Code section.
Certain bond premiums, Certain bond premiums (section 171).
Cost of acquiring a lease, The cost of acquiring a lease (section 178).
Creative property costs, Creative property costs.
Date amortization begins, Column (b) — Date amortization begins.
Description of costs, Column (a) — Description of costs.
Forestation and reforestation costs, Qualified forestation and reforestation costs (section 194).
Geological and geophysical expenditures, Geological and geophysical expenditures (section 167(h)).
Optional section 59(e) write-off, Optional write-off of certain tax preferences over the period specified in section 59(e).
Pollution control facilities, Pollution control facilities (section 169).
Research and experimental expenditures, Research and experimental expenditures (section 174).
Revitalization expenditures, Qualified revitalization expenditures (section 1400l).
Section 197 intangibles, Certain section 197 intangibles.
Start-up and organizational costs, Start-up and organizational costs.

C

Conventions:

Half-year, Half-year convention.
Mid-month, Mid-month convention.
Mid-quarter, Mid-quarter convention.

D

Definitions:, Definitions

Amortization, Amortization
Commuting, Commuting
Depreciation, Depreciation
Listed property, Listed Property, Exception.
Section 179 property, Section 179 Property

Depreciation methods:

Declining balance, Column (f) — Method.
Straight line, Column (f) — Method.

Depreciation tables, ,

Depreciation worksheet,

Depreciation:

Accelerated Cost Recovery System (ACRS), Line 16

Assets placed in service in prior year, Section A Line 17

General asset accounts, Line 18

Income forecast method, Line 16

Intangible property, Line 16

Listed property, Part V. Listed Property

Modified Accelerated Cost Recovery System (MACRS), Part III. MACRS Depreciation

Alternative Depreciation System, Section C Lines 20a Through 20c
General Depreciation System, Lines 19a Through 19i
Involuntary conversion, Section B
Like-kind exchange, Section B

Other, Line 16

E

Election out:

Involuntary conversion, Election out.
Like-kind exchange, Election out.
Special depreciation allowance, Election out.

G

General Depreciation System:

Basis for depreciation, Column (c) — Basis for depreciation (business/investment use only).
Classification of property, Column (a) — Classification of property.
Conventions, Column (e) — Convention.
Depreciation deduction, Column (g) — Depreciation deduction.
Determining the classification, Determining the classification.
Placed in service date, Column (b) — Month and year placed in service.
Recovery period, Column (d) — Recovery period.

I

Involuntary conversion, Section B

L

Like-kind exchange, Section B

Listed property:

Basis for depreciation, Column (e) — Basis for depreciation (business/investment use only).

Convention, Column (g) — Method/convention.

Cost or other basis, Column (d) — Cost or other basis.

Depreciation deduction, Column (h) — Depreciation deduction.

Information on vehicle use, Section B

Method, Column (g) — Method/convention.

Passenger automobile limits, Limits for passenger automobiles.

Definitions, Definitions.
Exception, Exception.
Leasehold property exception, Exception for leasehold property.
Tables, Lines 26 and 27

Percentage of business or investment use, Column (c) — Business/investment use percentage.

Placed in service date, Column (b) — Date placed in service.

Qualified business use, Lines 26 and 27

Questions for employers on vehicle use, Section C

Recapture of section 179 expense deduction, Recapture of section 179 expense deduction.

Recovery period, Column (f) — Recovery period.

Section 179 expense deduction, Column (i) — Elected section 179 cost.

Special depreciation allowance, Line 25

Type of property, Column (a) — Type of property.

R

Recapture:

Listed property, Listed property recapture., Recapture of section 179 expense deduction.
MACRS depreciation, MACRS recapture.
Section 179 expense deduction, Recapture rule., Recapture of section 179 expense deduction.
Special depreciation allowance, Recapture.

Recordkeeping, Recordkeeping

S

Section 179 expense deduction:, Part I. Election To Expense Certain Property Under Section 179

Carryover of disallowed deduction, Line 10

Election, Election.

Limitations

Maximum deduction, Line 1
Taxable income, Line 11
Threshold cost of property, Line 3

Limitations:

Sport utility vehicle (SUV), Column (i) — Elected section 179 cost.

Listed property, Column (i) — Elected section 179 cost.

Recapture, Recapture rule., Recapture of section 179 expense deduction.

Revocation, Revocation.

Special depreciation allowance:, Part II. Special Depreciation Allowance and Other Depreciation

Election out, Election out.
Figuring the allowance, How to figure the allowance.
Listed property, Line 25
Qualified property, Qualified property.
Recapture, Recapture.

U

Uniform capitalization rules, Line 23
Unit-of-production method, Line 15

W

Where to find additional information, Additional Information
Who must file, Who Must File

Index

A

C

D

E

G

I

L

R

S

U

W