- IRS Publication 946: How to Depreciate Property
- 2013 Form 4562, Depreciation and Amortization
- Instructions to 2013 Form 4562
Why YOU Should Care
Generally, you are required to depreciate qualified business property. The Section 179 Deduction gives you the option to reduce your current tax liability by deducting the cost of the asset in the year it is placed into service instead of depreciating.