Jim Sarowski (SSN 000-00-2222) is 70 years old and single. In March of 2018, he purchased a duplex at 2006 Tennessee Street to use as rental property for $100,000, with 20% of the price allocated to land. During the year, he had the following receipts and expenditures with respect to the duplex: Rent receipts $8,800 Interest paid 5,900 Property taxes 1,400 Insurance 800 Maintenance 300 Other expenditures during the year: Contributions to the church $2,600 Personal property taxes 225 Sales tax 345 2018 tax was $200. Assume rental was rented out for all of the year while it was owned. Assume anytime given info mentions a month and year that you can use first date of the month. Document + 12 TUUL Dhe (including Information on Listed Property) Attach to your tax return Go to www.is.gov/Forms for instructions and the latest Information Mocham 2019 Ne Thonon Ancho Sec 179 geber Part Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part before you complete Parti 1 Maumum amount (see instructions) 2 Total cost of section 179 property placed in service on instruction) 3 Threshold coat of section 179 property before reduction in Sition instructions 4 Reduction in limitation. Subtract line from line 2 If zero of enter-o- 5 Dollar limitation for tax your. Subtract line 4 from line 11 er or less enter 0. married ling separately, see instructions 6 Denation property ACar Elected 2 3 4 5 7 Listed property, Enter the amount from line 29 8 Total elected cost of section 179 property. Add amounts in column(d, lines and 7 9 Tentative deduction. Enter the smaller of line 5 or linea 8 O 10 Carryover of disallowed deduction from line 13 of your 2018 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 2020. Add lines 9 and 10 less line 12 13 Note: Don't Partilor Part Ill below for listed properly. Instead, Un 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. She instructions 14 15 Property subject to section 168ft) 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 2019 17 18 I you are electing to group any assets placed in service during the tax your into one or more general asset accounts, check here Section B-Assets Placed in Service During 2010 Tax Year Using the General Depreciation System A Morthy Clusion of property din 14 Convention period Metod Depreciation detection only trucos 1993-year property b 5-year property c7-year property d 10-year property e 15-year property f 20-year property 925-year property SVL h Residential rental 275 yes MM SAL property MM S/L Nonresidential real 39 yra MM 5/L MM 67 property Section C-Assets Placed in Service During 2019 Tax Year Using the Alternative Depreciation System S/L 20a Classide S/L 12 yro b. 12-year 30yre o 30-year MM SAL 40 yo MM SA d 40-year Part IV Summary See instructions 21 21 Listed property. Enter amount from line 25 22 Total. Add amounts from line 12. Iines 14 through 17, lines 19 and 20 in columnal and line 21. Enter 22 here and on the appropriate lines of your return. Partnerships and corporations-see instructions 23 For assets shown above and placed in service during the current year, enter the 23 portion of the basis attributable to section 203A costs Fem 45620019 For Paperwork Reduction Act Notice 500 sonarate instructions 25 275 yra 11:59 irs.gov 4562 Depreciation and Amortization Igre 19 Election To Expense Curtain Property Under Section 1 Note: yestend property.compare Patuture - Toode Thonet 17 protetoration Rabinom 5 Dolar + wine ratione . Todo o tym Teated the Catets om !! 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