Depreciation and Amortization · Form 4562 support
MACRS first-year depreciation workpaper
WP-102.1 Asset detail
| Ref | Asset | Placed | Recovery | Cost | Sec. 179 | Special allowance | Depreciable basis | Rate | MACRS | Year-1 deduction | Form line |
|---|
WP-102.2 Form 4562 line mapping
| 1 | Maximum amount | - |
|---|---|---|
| 2 | Total cost of § 179 property placed in service | - |
| 3 | Threshold cost before reduction | - |
| 4 | Reduction in limitation | - |
| 5 | Dollar limitation for the tax year | - |
| 6 | Elected cost (non-listed property) | - |
| 8 | Total elected cost | - |
| 9 | Tentative deduction | - |
| 10 | Carryover of disallowed deduction from prior year | - |
| 11 | Business income limitation | - |
| 12 | § 179 expense deduction | - |
| 13 | Carryover to next year | - |
| 14 | Special depreciation allowance (§ 168(k)) | - |
|---|---|---|
| 19a | 3-year property - | - |
| 19b | 5-year property - | - |
| 19c | 7-year property - | - |
| 19d | 10-year property - | - |
| 19e | 15-year property - | - |
| 19f | 20-year property - | - |
| 19h | Residential rental property - | - |
| 19i | Nonresidential real property - | - |
| 21 | Listed property | - |
| 22 | Total: enter on the return's depreciation line | - |
Part III amounts show the depreciable basis in small type beside each class; lines with no current-year entry stay blank (-).
WP-102.3 Review notes
WP-102.4 MACRS recovery projection Pro
| Ref | Property | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 |
|---|
Pro shows each asset's deduction for years 1-6 here and exports it as a recovery-year CSV, so next year's depreciation posts straight to the fixed-asset ledger.
WP-102.5 Preparation & review
Calculation and documentation aid only. Verify elections, eligibility, conventions, limits and every filed amount against current IRS instructions and client facts.