Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

amortization and depreciation

where in the form 4562 can I enter an amortization for a year previous to 2019 of an intangible asset?

Also I would like to know if I can deduct 50% instead of 100% of an new asset in 2019?

Labels (1)
0 Cheers
2 Replies 2
Terry53029
Level 11
Level 11

Prior year amortization line 43 part Vl. Bonus deprecation is 100% or regular MACR for assets put in service 2019. 50% not allowed

0 Cheers
sjrcpa
Level 15

 If eligible for Section 179, you can elect this for one-half the cost.


ex-AllStar