Page 106 - Small Business IRS Training Guides

Slide 63 – Objectives

Provision 13205
Use of Alternative Depreciation System for
Electing Farming Businesses
OBJECTIVES

At the end of this section, you will be able to:
• Identify key elements of the following provision:
• Section 13205 – Use of Alternative
Depreciation System for Electing Farming
Businesses
• Communicate critical information to taxpayers
related to the listed provisions

Tax Cuts and Jobs Act of 2017 | Course 73083a | SB/SE 63

Slide 64 – References

Provision 13205
Use of Alternative Depreciation System for
Electing Farming Businesses
References
• IRC §168(g)(1)(G), IRC §163(j)(7), Proposed Treas.
Reg. §1.163(j)-9
• Rev. Proc. 2019-08 (Rev. Proc. 87-57 and Rev. Proc.
2018-31 are modified)
• Form 8990 and Instructions - Limitation on Business
Interest Expense Under Section 163(j)
• Publication 225, Farmer’s Tax Guide
• Publication 946, How To Depreciate Property
• What a Farmer Should Know for 2018 Fact Sheet on
IRS.gov

Tax Cuts and Jobs Act of 2017 | Course 73083a | SB/SE 64

Student Guide TCJA – Depreciation Provisions
73083-102 A-32 05/2019