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 | | |
| Landscaping equipment | | | | |
| | | | | |
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 2016 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 2018. 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. | |