Irc Section 179 Subtraction Form - 2016

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NEAR FINAL 8/1/16
179
16471
IRC Section 179 Subtraction 2016
Name of Corporation
FEIN
Minnesota Tax ID
Round amounts to nearest whole dollar.
1 Fifth preceding tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Fourth preceding tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Third preceding tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Second preceding tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 First preceding tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Add lines 1 through five . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Multiply line 6 by 20% [ .20] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Amount from Form M4I line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Sum of Form M4I lines 4a to 4j and 4l to 4m . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Subtract line 9 from line 8 (if less than zero, enter zero, skip line 11, enter zero
on line 12, and include the amount from line 7 on line 18) . . . . . . . . . . . . . . . . . . . . . . . .
10
11 Subtract line 7 from line 10 (if less than zero, include as a positive amount on line 18,
and enter the amount from line 10 on line 12 . If zero or more, enter the amount from
line 7 on line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Current year allowance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Section 179 expensing carryover from last tax year (see instructions) . . . . . . . . . . . . . . . .
13
14 Subtract line 12 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
15 Carryover expensing allowed (enter line 13 or line 14, whichever is less) . . . . . . . . . . . . . .
15
16 Section 179 expensing subtraction (add lines 12 and 15) . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Enter on Form M4I line 4k
17 Subtract line 15 from line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
18 Amounts from lines 10 or 11 (see line instructions above) . . . . . . . . . . . . . . . . . . . . . . . . . .
18
19 Section 179 expensing subtraction carried over to next tax year (add lines 17 and 18) . .
19
9995

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