Form Ia 4562a - Iowa Depreciation Adjustment Schedule - 2006

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Iowa Department of Revenue
IA 4562A 2006
Iowa Depreciation Adjustment Schedule
Attach a copy of this form to your Iowa income tax return.
Name(s)
Social Security No.
Name of Partnership or Corporation (if applicable)
Federal ID No.
Use this form to compute the Iowa depreciation adjustment:
• If the taxpayer claims the Federal 30% “bonus depreciation” deduction for assets
If the taxpayer claims the Federal Section 179 expense in excess of $25,000 for tax years
acquired after September 10, 2001, but before May 6, 2003; and/or
beginning on or after January 1, 2003, but beginning before January 1, 2006, and taxpayer
• If the taxpayer claims the Federal 50% “bonus depreciation” for assets acquired
chooses to only claim no more than $25,000 for Iowa tax purposes; and/or
after May 5, 2003, but before January 1, 2005, and taxpayer chooses to not claim
If the taxpayer disposes of “bonus depreciation” or Section 179 property during the tax
year, and Iowa depreciation adjustments were made to the property in previous tax years.
this for Iowa tax purposes; and/or
PART I - Computation of Iowa depreciation adjustment: List depreciable property acquired during the tax period that falls between September 10, 2001, and May 5, 2003, which
requires a depreciation adjustment when computing Iowa taxable income. Also, list property acquired after May 5, 2003, but before January 1, 2005, for which the 50% bonus deprecia-
tion was claimed for Federal tax purposes that you chose not to claim for Iowa tax purposes. In addition, list property for tax years beginning on or after January 1, 2003, but beginning
prior to January 1, 2006, for which Section 179 expense in excess of $25,000 was taken for Federal tax purposes, and you chose to claim no more than $25,000 for Iowa tax purposes.
This should be computed whether the depreciation was claimed on Federal Form 4562, Federal Form 2106, Schedule C, Schedule F or any other Federal schedule.
Accumulated
Description
Date placed
Cost or
Federal
Accumulated
Iowa 179 Expense
MACRS Iowa
Life of
Federal
B
C
D
F
H
A
E
G
I
J
of Property
in service
other basis
Federal Depreciation
(limited to $25,000)
Depreciation Deduction
Iowa Depreciation
asset
179 Expense
Depreciation Deduction
1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
Total amounts in columns E, F, H & I
1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
If you have not sold or disposed of any “Bonus Depreciation” or Section 179 property, skip to Part III of this form. If you have disposed of “Bonus Depreciation” or
Section 179 property, and an Iowa depreciation adjustment applied to this property in a prior year, continue to Part II.
PART II - Disposition adjustments: For each item of property listed below, determine the difference between Federal depreciation and Iowa MACRS depreciation
used in the computation of Federal and Iowa taxable income in prior and current years.
Description of Property
Date placed in
Total Iowa depreciation
Total Federal depreciation
Date sold
Adjustment (subtract
A
D
B
C
E
F
sold or disposed
services - mo/day/yr
+ Sec. 179 expense taken
+ Sec. 179 expense taken
column E from column D)
or disposed
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
Total amounts in columns F
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
41-105a (8/9/06)

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