msyourtaxservic e
Level 1
03-04-2020
09:30 PM
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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?
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Terry53029
Level 14
03-05-2020
11:01 AM
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Prior year amortization line 43 part Vl. Bonus deprecation is 100% or regular MACR for assets put in service 2019. 50% not allowed
sjrcpa
Level 15
03-05-2020
11:15 AM
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If eligible for Section 179, you can elect this for one-half the cost.
Ex-AllStar