During 2020, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:

Item	Date Acquired	Cost
Manufacturing equipment (7 year)	June 2	$50,000
Office furniture	September 15	8,000
Office computer	November 18	2,000
Passenger automobile (used 85 percent for business)	May 31	55,000
Warehouse	July 23
Building		170,000
Land		135,000

Pepe uses the accelerated depreciation method under MACRS, if available, and does not make the election to expense and elects out of a bonus depreciation.

Use Form 4562 to report Pepe's depreciation expense for 2020.

Enter all amounts as positive numbers. If required, round to the nearest dollar. If an amount is zero, enter "0".

Form 4562 Department of the Treasury Internal Revenue Service (99)	Depreciation and Amortization (Including Information on Listed Property) Attach to your tax return. Go to www.irs.gov/Form4562 for instructions and the latest information.	OMB No. 1545-0172
		2020 Attachment Sequence No. 179

Name(s) shown on return Pepe Guardio

Business or activity to which this form relates Manufacturing

Identifying number

Part I	Election To Expense Certain Property Under Section 179
	Note: If you have any listed property, complete Part V before you complete Part I.

1	Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .						1
2	Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . .						2
3	Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . . . . . . . . . . . . . .						3
4	Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . .						4
5	Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions.						5
6	(a) Description of property	(b) Cost (business use only)		(c) Elected cost
7	Listed property. Enter the amount from line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . .		7
8	Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 . . . . . . . . . . . . . . . . . . . .						8
9	Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .						9
10	Carryover of disallowed deduction from line 13 of your 2019 Form 4562 . . . . . . . . . . . . . . .						10
11	Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions						11
12	Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 . . . . . . . . . . . . . . . . . . .						12
13	Carryover of disallowed deduction to 2021. Add lines 9 and 10, less line 12 . . . . . . . . . .			13
Note:	Don't use Part II or Part III below for listed property. Instead, use Part V.

Part II

Special Depreciation Allowance and Other Depreciation (Don't include listed property. See instructions.)

14	Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			14
15	Property subject to section 168(f)(1) election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			15
16	Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			16

Part III		MACRS Depreciation (Don't include listed property. See instructions.)
Section A

17	MACRS deductions for assets placed in service in tax years beginning before 2020 . . . . . . . . . . . . . . .	17
18	If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here
Section BAssets Placed in Service During 2020 Tax Year Using the General Depreciation System

(a) Classification of property		(b) Month and year placed in service	(c) Basis for depreciation (business/investment use onlysee instructions)	(d) Recovery period	(e) Convention	(f) Method	(g)Depreciation deduction
19a	3-year property
b	5-year property		fill in the blank 1	5 yrs.7 yrs.	MQHY	200 DB150 DB	fill in the blank 5
c	7-year property		fill in the blank 6	5 yrs.7 yrs.	MQHY	200 DB150 DB	fill in the blank 10
d	10-year property
e	15-year property
f	20-year property
g	25-year property			25 yrs.		S/L
h	Residential rental			27.5 yrs.	MM	S/L
	property			27.5 yrs.	MM	S/L
i	Nonresidential real	04/2005/2007/20	fill in the blank 12	39 yrs.	MM	S/L	fill in the blank 13
	property				MM	S/L
Section CAssets Placed in Service During 2020 Tax Year Using the Alternative Depreciation System
20a	Class life					S/L
b	12-year			12 yrs.		S/L
c	30-year			30 yrs.	MM	S/L
d	40-year			40 yrs.	MM	S/L

Part IV

Summary (See instructions.)

21	Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			21	fill in the blank 14
22	Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporationssee instructions . . . . . . . . . . . . . . . . . . .			22	fill in the blank 15
23	For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	23

For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 12906N

Form 4562 (2020)