UtPoIT – Capitalization

This course – one of our “Understanding the Principles of Individual Taxation” series – covers the treatment of deducting capital expenses through a process known as depreciation. Discussions include the use of Form 4562, thorough breakdowns of terminology, and similar treatments to depreciation like amortization. Included are also discussions on utilizing advanced forms of depreciation and expensing methods, like Section 179 or bonus depreciation for the TY2021 season.