Page 93 - Small Business IRS Training Guides

Slide 37 – Summary

Provision 13202
Depreciation Luxury Auto Limitations
Summary
• Additional first-year depreciation not claimed:
• First year - $10,000
• Second year - $16,000
• Third year - $9,600
• Subsequent years - $5,760
• Additional first-year depreciation claimed:
• First year - $18,000
• Second year - $16,000
• Third year - $9,600
• Subsequent years - $5,760
• Computers are no longer “listed property”
Tax Cuts and Jobs Act of 2017 | Course 73083a | SB/SE 37

Slide 38 – Provision 13203, Modifications of Treatment of Certain Farm Property

Provision 13203
Modifications of Treatment of Certain Farm
Property

Tax Cuts and Jobs Act of 2017 | Course 73083a | SB/SE 38

TCJA – Depreciation Provisions Student Guide
05/2019 A-19 73083-102