Liberman Consulting L.L.C.

What is included?

The download includes 2 Excel spreadsheets:

Depreciation Spreadsheet

Depreciation Spreadsheet-Example

To depreciate an asset, you use in your business, you would need Appendix A and B from IRS Publication 946 How to Depreciate Property to locate the recovery period of your asset and the depreciate rate to use to calculate the depreciation deduction to claim for the asset every year.

The depreciation spreadsheet allows you to record your asset and information you retrieve from IRS Publication 946 and calculate your asset depreciation deduction.

If you placed an asset in service for the first time and are not sure how to depreciate it for tax purposes, we have many videos in the playlist to explain the process.

Video playlists related to business assets depreciation:

2020 Form 4562 Depreciation and Amortization: https://youtube.com/playlist?list=PLaot4wvPcjCWHy6ilkc-YVUX6O18Rn7EH

Form 4562 Depreciation and Amortization:

Link to IRS Publication 946 How to Depreciate Property:

https://ninasoap.com/federal-tax-forms-and-instructions/federal-tax-forms-and-instructions-links/

Under Federal Forms and Instructions, search “Publication 946 How to Depreciate Property”.

You could also search on www.irs.gov for Publication 946.

The depreciation Spreadsheet comes with Depreciation Spreadsheet Example where many assets are being depreciated as examples.

IRS allows you to claim depreciation deduction on depreciable assets you use in your business.

Get your Depreciation Spreadsheet to depreciate your assets and claim the right deduction on your business taxes.