Instructions For Form 4562 - Georgia Depreciation And Amortization (Including Information On Listed Property) - 2012 Page 2
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34562
Depreciation and Amortization
Georgia
Form
(Including Information on Listed Property)
2012
(Rev. 2/13)
Note: Georgia does not allow any additional depreciation benefits provided by I.R.C.
GEORGIA
Section 168(k), 1400L, 1400N(d)(1) , and certain other provisions.
See separate instructions.
Attach to your return.
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Identification number
Part I
Election To Expense Certain Tangible Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part I.
1 Maximum amount. See IRS instructions for a higher limit for certain businesses ...................
1
$250,000
2 Total cost of IRC Section 179 property placed in service (see IRS instructions) ......................
2
3 Threshold cost of IRC Section 179 property before reduction in limitation ...............................
3
$800,000
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- ............................
4
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing
separately, see IRS instructions ...................................................................................................
5
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use only)
(c) Elected cost
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7 Listed property. Enter the amount from line 29. ........................................... 7
8 Total elected cost of IRC Section 179 property. Add amounts in column (c), lines 6 and 7 ....
8
9 Tentative deduction. Enter the smaller of line 5 or line 8 .........................................................
9
10 Carryover of disallowed deduction from line 13 of your 2011 Form 4562 ................................ .
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 ........ 11
12 IRC Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11
12
13 Carryover of disallowed deduction to 2013. Add lines 9 and 10, less line 12
13
Note: Do not use Part II or Part III below for listed property. Instead, use Part V.
Part II
Special Depreciation Allowance and Other Depreciation (Do not include listed property.)
Not allowed for
14 Special depreciation allowance for qualified property (see instructions).......................................
Georgia purposes
(other than listed property) placed in service during the tax year ............................................... 14
15 Property subject to IRC Section 168(f)(1) election ...................................................................... 15
16 Other depreciation (including ACRS) ........................................................................................... 16
Part III
MACRS Depreciation (Do not include listed property.)
Section A
17 MACRS deductions for assets placed in service in tax years beginning before 2012 ............. 17
18 If you are electing under IRC Section 168(i)(4) to group any assets placed in service during
the tax year into one or more general asset accounts, check here ......................................
Section B--Assets Placed in Service During 2012 Tax Year Using the General Depreciation System
(a) Classification of
(b) Month and year (c) Basis for depreciation
(d) Recovery
(e) Convention
(f) Method
(g) Depreciation deduction
property
placed in service
(business/investment use
period
only.) See IRS instructions
19a
3-year property
b
5-year property
c
7-year property
d
10-year property
e
15-year property
f
20-year property
g
2
- 5
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2
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Residential rental
27.5 yrs.
MM
S/L
property
27.5 yrs.
MM
S/L
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3
9
yrs.
MM
S/L
property
MM
S/L
Part IV
Section C--Assets Placed in Service During 2012 Tax Year Using the Alternative Depreciation System
20a
Class life
S/L
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Summary (See IRS instructions)
21 Listed property. Enter amount from line 28 ................................................................................ 21
22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21
Enter here and on the appropriate lines of your return ........................................................................ 22
23 For assets shown above and placed in service during the current year, enter the
portion of the basis attributable to IRC Section 263A costs.................................. 23
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