IRS Tax Guide for Depreciating Property Placed in Service Before 1987, Publication 534 (11/2016)
IRS Tax Guide for Depreciating Property Placed in Service Before 1987, Publication 534 (11/2016)

How to Read IRS Tax Guide for Depreciating Property Placed in Service Before 1987, Publication 534 (11/2016) DOC

The law allows you to recover your cost in business or income¬producing property through yearly tax deductions. You do this by depreciating your property, that is, by deducting some of your cost on your tax return each year. You can depreciate both tangible property, such as a car, building, or machinery, and certain intangible property, such as a copyright or a patent. The amount you can deduct depends on: 1. How much the property cost, 2. When you began using it, 3. How long it will take to recover your cost, and 4. Which of several depreciation methods you use

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  • Released: August 13, 2017
  • Author: U.S. Internal Revenue Service (IRS)
  • Rating: 5
  • Publisher: Ebook Store Group
  • Total Page: 209 pages
  • File Size: 2250 KB
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