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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Wednesday, Dec. 30 Claiming Depreciation Deductions #104If you are completing your own tax returns, you may require a more detailed explanation of exactly how to report depreciation deductions. In most cases, your depreciation deductions will be entered on IRS Form 4562, “Depreciation and Amortization,” and then the total amount will be carried over to Line 13 of your Schedule C if you are a sole proprietor or to Form 1120 for a C corporation, Form 1120S for an S corporation, or to Form 1065 for a partnership or LLC... Subscribers have free access to the archives. Click here. |
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