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TVPX 1031 Depreciation Solution
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Version
3.0
TVPX 1031 Depreciation Solution is an extremely easy
way to calculate Federal and book depreciation. All
depreciation and amortization methods required for
federal tax reporting are included in an easy to use
calculator format. By filling in a few simple fields,
the user can quickly determine the depreciation
schedule for a new asset.
Calculate the adjusted tax basis of replacement
property purchased as part of a Like-Kind Exchange
under IRC Section 1031.
A formal depreciation schedule can be printed. Half-
year, mid-quarter, and mid-month conventions are
provided.
Depreciation is generated using IRS tax tables.
This is an ideal application for a CPA, or anyone
doing tax schedule 4562, justify capital purchases, or
manually booking depreciation.
New maximum automobile amounts can be input to stay
current with changing tax regulations.
Additionally, the 30% bonus depreciation allowed by
the Job Creation and Worker Assistance Act of 2002 is
also included.
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