Maria,a sole proprietor,has several items of office furniture and equipment which are depreciable.All were acquired before this year.She is not required to report her depreciation deduction on Form 4562.

Question

Quizplus · Accepted Answer

Maria is not required to report her depreciation deduction on Form 4562 because she is a sole proprietor and her depreciable property was acquired before this year.

Maria,a Sole Proprietor,has Several Items of Office Furniture and Equipment