Reviewing Depreciation Basics Webinar

Summary

Depreciation is a topic of which all tax preparers can benefit from a basic review. When you take on a new client, you’re reviewing the prior tax practitioner’s work as well as using it to prepare the client’s return. This webinar reviews the basics, from establishing the basis for depreciation to calculating the deduction and the recapture when a listed property falls below the limit.

Objectives

Upon completion of this course, you will be able to:

• Determine if an asset should be depreciated
• Establish the basis for depreciation
• Determine the approximate recovery period and method
• Recognize when the listed property rules apply
• Calculate and report the recapture when business use falls to 50% or less

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.