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Mypay dfas mil mypay 8. Mypay dfas mil mypay   Foreign Insurance Taxes Table of Contents Premium. Mypay dfas mil mypay Tax is imposed on insurance policies issued by foreign insurers. Mypay dfas mil mypay Any person who makes, signs, issues, or sells any of the documents and instruments subject to the tax, or for whose use or benefit they are made, signed, issued, or sold, is liable for the tax. Mypay dfas mil mypay The following tax rates apply to each dollar (or fraction thereof) of the premium paid. Mypay dfas mil mypay Casualty insurance and indemnity, fidelity, and surety bonds: 4 cents. Mypay dfas mil mypay For example, on a premium payment of $10. Mypay dfas mil mypay 10, the tax is 44 cents. Mypay dfas mil mypay Life, sickness, and accident insurance, and annuity contracts: 1 cent. Mypay dfas mil mypay For example, on a premium payment of $10. Mypay dfas mil mypay 10, the tax is 11 cents. Mypay dfas mil mypay Reinsurance policies covering any of the taxable contracts described in items (1) and (2): 1 cent. Mypay dfas mil mypay However, the tax does not apply to casualty insurance premiums paid to foreign insurers for coverage of export goods in transit to foreign destinations. Mypay dfas mil mypay Premium. Mypay dfas mil mypay   Premium means the agreed price or consideration for assuming and carrying the risk or obligation. Mypay dfas mil mypay It includes any additional charge or assessment payable under the contract, whether in one sum or installments. Mypay dfas mil mypay If premiums are refunded, claim the tax paid on those premiums as an overpayment against tax due on other premiums paid or file a claim for refund. Mypay dfas mil mypay When liability attaches. Mypay dfas mil mypay   The liability for this tax attaches when the premium payment is transferred to the foreign insurer or reinsurer (including transfers to any bank, trust fund, or similar recipient designated by the foreign insurer or reinsurer) or to any nonresident agent, solicitor, or broker. Mypay dfas mil mypay A person can pay the tax before the liability attaches if the person keeps records consistent with that practice. Mypay dfas mil mypay Who must file. Mypay dfas mil mypay   The person who pays the premium to the foreign insurer (or to any nonresident person such as a foreign broker) must pay the tax and file the return. Mypay dfas mil mypay Otherwise, any person who issued or sold the policy, or who is insured under the policy, is required to pay the tax and file the return. Mypay dfas mil mypay    The person liable for this tax must keep accurate records that identify each policy or instrument subject to tax. Mypay dfas mil mypay These records must clearly establish the type of policy or instrument, the gross premium paid, the identity of the insured and insurer, and the total premium charged. Mypay dfas mil mypay If the premium is to be paid in installments, the records must also establish the amount and anniversary date of each installment. Mypay dfas mil mypay   The records must be kept at the place of business or other convenient location for at least 3 years after the later of the date any part of the tax became due, or the date any part of the tax was paid. Mypay dfas mil mypay During this period, the records must be readily accessible to the IRS. Mypay dfas mil mypay   The person having control or possession of a policy or instrument subject to this tax must keep the policy for at least 3 years after the date any part of the tax on it was paid. Mypay dfas mil mypay For information on reinsurance premiums paid from one foreign insurer to another foreign insurer, see Rev. Mypay dfas mil mypay Rul. Mypay dfas mil mypay 2008-15. Mypay dfas mil mypay You can find Rev. Mypay dfas mil mypay Rul. Mypay dfas mil mypay 2008-15 on page 633 of I. Mypay dfas mil mypay R. Mypay dfas mil mypay B. Mypay dfas mil mypay 2008-12 at www. Mypay dfas mil mypay irs. Mypay dfas mil mypay gov/pub/irs-irbs/irb08-12. Mypay dfas mil mypay pdf. Mypay dfas mil mypay Treaty-based positions under IRC 6114. Mypay dfas mil mypay   You may have to file an annual report disclosing the amount of premiums exempt from United States excise tax as a result of the application of a treaty with the United States that overrides (or otherwise modifies) any provision of the Internal Revenue Code. Mypay dfas mil mypay   Attach any disclosure statement to the first quarter Form 720. Mypay dfas mil mypay You may be able to use Form 8833, Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b), as a disclosure statement. Mypay dfas mil mypay See the Instructions for Form 720 for information on how and where to file. Mypay dfas mil mypay   See Revenue Procedure 92-14 in Cumulative Bulletin 1992-1 for procedures you can use to claim a refund of this tax under certain U. Mypay dfas mil mypay S. Mypay dfas mil mypay treaties. Mypay dfas mil mypay Prev  Up  Next   Home   More Online Publications
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IRS - Issuing Refunds

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Every year, the IRS issues refunds to millions of taxpayers. Refund data are reported in multiple ways, including by the number issued and refund amounts. Historical refund data are also available from 1987 to 2007.

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Fiscal Year Data

The tables below were originally published in the IRS Data Book, which is IRS Publication 55B, and are complied by various divisions throughout the IRS. The IRS's fiscal year runs from October 1 to September 30.

Refunds Issued and Refund Amounts

Number of Internal Revenue Refunds Issued
The number of refunds issued are shown for selected returns, including corporation, individual, employment, estate, gift, and excise taxes, by state.

• Prior to 2000, the number of refunds for selected tax return types are classified by Internal Revenue region and district.

Fiscal Years available:
1999     1998     1997     1996     1995

 

Amount of Internal Revenue Refunds Issued, Including Interest
These tables show the total dollar amount refunded, by state and type of tax.

• Prior to 2000, the total dollar amounts refunded are shown by Internal Revenue region and district and by type of tax return. 

Fiscal Years available:
1999     1998     1997     1996     1995


Historical IRS Tax Refunds
Total dollar amounts refunded by quarter and fiscal year, by type of return.

SOI Bulletin Historical Table 19
Fiscal Years covered:  1987-2007




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The Mypay Dfas Mil Mypay

Mypay dfas mil mypay 7. Mypay dfas mil mypay   Depreciation, Depletion, and Amortization Table of Contents What's New for 2013 Introduction Topics - This chapter discusses: Useful Items - You may want to see: Overview of DepreciationWhat Property Can Be Depreciated? What Property Cannot Be Depreciated? When Does Depreciation Begin and End? Can You Use MACRS To Depreciate Your Property? What Is the Basis of Your Depreciable Property? How Do You Treat Repairs and Improvements? Do You Have To File Form 4562? How Do You Correct Depreciation Deductions? Section 179 Expense DeductionWhat Property Qualifies? What Property Does Not Qualify? How Much Can You Deduct? How Do You Elect the Deduction? When Must You Recapture the Deduction? Claiming the Special Depreciation AllowanceWhat is Qualified Property? How Can You Elect Not To Claim the Allowance? When Must You Recapture an Allowance Figuring Depreciation Under MACRSWhich Depreciation System (GDS or ADS) Applies? Which Property Class Applies Under GDS? What Is the Placed-in-Service Date? What Is the Basis for Depreciation? Which Recovery Period Applies? Which Convention Applies? Which Depreciation Method Applies? How Is the Depreciation Deduction Figured? How Do You Use General Asset Accounts? When Do You Recapture MACRS Depreciation? Additional Rules for Listed PropertyWhat Is Listed Property? What Is the Business-Use Requirement? Do the Passenger Automobile Limits Apply? Depletion Who Can Claim Depletion? Figuring Depletion AmortizationBusiness Start-Up Costs Reforestation Costs Section 197 Intangibles What's New for 2013 Increased section 179 expense deduction dollar limits. Mypay dfas mil mypay  The maximum amount you can elect to deduct for most section 179 property you placed in service in 2013 is $500,000. Mypay dfas mil mypay This limit is reduced by the amount by which the cost of the property placed in service during the tax year exceeds $2 million. Mypay dfas mil mypay See Dollar Limits under Section 179 Expense Deduction , later. Mypay dfas mil mypay Extension of special depreciation allowance for certain qualified property acquired after December 31, 2007. Mypay dfas mil mypay . Mypay dfas mil mypay  You may be able to take a 50% special depreciation allowance for certain qualified property acquired after December 31, 2007, and placed in service before January 1, 2014. Mypay dfas mil mypay See Claiming the Special Depreciation Allowance , later. Mypay dfas mil mypay Expiration of the 3- year recovery period for certain race horses. Mypay dfas mil mypay  The 3-year recovery period for race horses two years old or younger will expire for such horses placed in service after December 31, 2013. Mypay dfas mil mypay Introduction If you buy or make improvements to farm property such as machinery, equipment, livestock, or a structure with a useful life of more than a year, you generally cannot deduct its entire cost in one year. Mypay dfas mil mypay Instead, you must spread the cost over the time you use the property and deduct part of it each year. Mypay dfas mil mypay For most types of property, this is called depreciation. Mypay dfas mil mypay This chapter gives information on depreciation methods that generally apply to property placed in service after 1986. Mypay dfas mil mypay For information on depreciating pre-1987 property, see Publication 534, Depreciating Property Placed in Service Before 1987. Mypay dfas mil mypay Topics - This chapter discusses: Overview of depreciation Section 179 expense deduction Special depreciation allowance Modified Accelerated Cost Recovery System (MACRS) Listed property Basic information on cost depletion (including timber depletion) and percentage depletion Amortization of the costs of going into business, reforestation costs, the costs of pollution control facilities, and the costs of section 197 intangibles Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 534 Depreciating Property Placed in Service Before 1987 535 Business Expenses 544 Sales and Other Dispositions of Assets 551 Basis of Assets 946 How To Depreciate Property Form (and Instructions) T (Timber), Forest Activities Schedule 3115 Application for Change in Accounting Method 4562 Depreciation and Amortization 4797 Sales of Business Property See chapter 16 for information about getting publications and forms. Mypay dfas mil mypay It is important to keep good records for property you depreciate. Mypay dfas mil mypay Do not file these records with your return. Mypay dfas mil mypay Instead, you should keep them as part of the permanent records of the depreciated property. Mypay dfas mil mypay They will help you verify the accuracy of the depreciation of assets placed in service in the current and previous tax years. Mypay dfas mil mypay For general information on recordkeeping, see Publication 583, Starting a Business and Keeping Records. Mypay dfas mil mypay For specific information on keeping records for section 179 property and listed property, see Publication 946, How To Depreciate Property. Mypay dfas mil mypay Overview of Depreciation This overview discusses basic information on the following. Mypay dfas mil mypay What property can be depreciated. Mypay dfas mil mypay What property cannot be depreciated. Mypay dfas mil mypay When depreciation begins and ends. Mypay dfas mil mypay Whether MACRS can be used to figure depreciation. Mypay dfas mil mypay What is the basis of your depreciable property. Mypay dfas mil mypay How to treat repairs and improvements. Mypay dfas mil mypay When you must file Form 4562. Mypay dfas mil mypay How you can correct depreciation claimed incorrectly. Mypay dfas mil mypay What Property Can Be Depreciated? You can depreciate most types of tangible property (except land), such as buildings, machinery, equipment, vehicles, certain livestock, and furniture. Mypay dfas mil mypay You can also depreciate certain intangible property, such as copyrights, patents, and computer software. Mypay dfas mil mypay To be depreciable, the property must meet all the following requirements. Mypay dfas mil mypay It must be property you own. Mypay dfas mil mypay It must be used in your business or income-producing activity. Mypay dfas mil mypay It must have a determinable useful life. Mypay dfas mil mypay It must have a useful life that extends substantially beyond the year you place it in service. Mypay dfas mil mypay Property You Own To claim depreciation, you usually must be the owner of the property. Mypay dfas mil mypay You are considered as owning property even if it is subject to a debt. Mypay dfas mil mypay Leased property. Mypay dfas mil mypay   You can depreciate leased property only if you retain the incidents of ownership in the property. Mypay dfas mil mypay This means you bear the burden of exhaustion of the capital investment in the property. Mypay dfas mil mypay Therefore, if you lease property from someone to use in your trade or business or for the production of income, you generally cannot depreciate its cost because you do not retain the incidents of ownership. Mypay dfas mil mypay You can, however, depreciate any capital improvements you make to the leased property. Mypay dfas mil mypay See Additions and Improvements under Which Recovery Period Applies in chapter 4 of Publication 946. Mypay dfas mil mypay   If you lease property to someone, you generally can depreciate its cost even if the lessee (the person leasing from you) has agreed to preserve, replace, renew, and maintain the property. Mypay dfas mil mypay However, you cannot depreciate the cost of the property if the lease provides that the lessee is to maintain the property and return to you the same property or its equivalent in value at the expiration of the lease in as good condition and value as when leased. Mypay dfas mil mypay Life tenant. Mypay dfas mil mypay   Generally, if you hold business or investment property as a life tenant, you can depreciate it as if you were the absolute owner of the property. Mypay dfas mil mypay See Certain term interests in property , later, for an exception. Mypay dfas mil mypay Property Used in Your Business or Income-Producing Activity To claim depreciation on property, you must use it in your business or income-producing activity. Mypay dfas mil mypay If you use property to produce income (investment use), the income must be taxable. Mypay dfas mil mypay You cannot depreciate property that you use solely for personal activities. Mypay dfas mil mypay However, if you use property for business or investment purposes and for personal purposes, you can deduct depreciation based only on the percentage of business or investment use. Mypay dfas mil mypay Example 1. Mypay dfas mil mypay   If you use your car for farm business, you can deduct depreciation based on its percentage of use in farming. Mypay dfas mil mypay If you also use it for investment purposes, you can depreciate it based on its percentage of investment use. Mypay dfas mil mypay Example 2. Mypay dfas mil mypay   If you use part of your home for business, you may be able to deduct depreciation on that part based on its business use. Mypay dfas mil mypay For more information, see Business Use of Your Home in chapter 4. Mypay dfas mil mypay Inventory. Mypay dfas mil mypay   You can never depreciate inventory because it is not held for use in your business. Mypay dfas mil mypay Inventory is any property you hold primarily for sale to customers in the ordinary course of your business. Mypay dfas mil mypay Livestock. Mypay dfas mil mypay   Livestock purchased for draft, breeding, or dairy purposes can be depreciated only if they are not kept in an inventory account. Mypay dfas mil mypay Livestock you raise usually has no depreciable basis because the costs of raising them are deducted and not added to their basis. Mypay dfas mil mypay However, see Immature livestock under When Does Depreciation Begin and End , later, for a special rule. Mypay dfas mil mypay Property Having a Determinable Useful Life To be depreciable, your property must have a determinable useful life. Mypay dfas mil mypay This means it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes. Mypay dfas mil mypay Irrigation systems and water wells. Mypay dfas mil mypay   Irrigation systems and wells used in a trade or business can be depreciated if their useful life can be determined. Mypay dfas mil mypay You can depreciate irrigation systems and wells composed of masonry, concrete, tile, metal, or wood. Mypay dfas mil mypay In addition, you can depreciate costs for moving dirt to construct irrigation systems and water wells composed of these materials. Mypay dfas mil mypay However, land preparation costs for center pivot irrigation systems are not depreciable. Mypay dfas mil mypay Dams, ponds, and terraces. Mypay dfas mil mypay   In general, you cannot depreciate earthen dams, ponds, and terraces unless the structures have a determinable useful life. Mypay dfas mil mypay What Property Cannot Be Depreciated? Certain property cannot be depreciated, even if the requirements explained earlier are met. Mypay dfas mil mypay This includes the following. Mypay dfas mil mypay Land. Mypay dfas mil mypay You can never depreciate the cost of land because land does not wear out, become obsolete, or get used up. Mypay dfas mil mypay The cost of land generally includes the cost of clearing, grading, planting, and landscaping. Mypay dfas mil mypay Although you cannot depreciate land, you can depreciate certain costs incurred in preparing land for business use. Mypay dfas mil mypay See chapter 1 of Publication 946. Mypay dfas mil mypay Property placed in service and disposed of in the same year. Mypay dfas mil mypay Determining when property is placed in service is explained later. Mypay dfas mil mypay Equipment used to build capital improvements. Mypay dfas mil mypay You must add otherwise allowable depreciation on the equipment during the period of construction to the basis of your improvements. Mypay dfas mil mypay Intangible property such as section 197 intangibles. Mypay dfas mil mypay This property does not have a determinable useful life and generally cannot be depreciated. Mypay dfas mil mypay However, see Amortization , later. Mypay dfas mil mypay Special rules apply to computer software (discussed below). Mypay dfas mil mypay Certain term interests (discussed below). Mypay dfas mil mypay Computer software. Mypay dfas mil mypay   Computer software is generally not a section 197 intangible even if acquired in connection with the acquisition of a business, if it meets all of the following tests. Mypay dfas mil mypay It is readily available for purchase by the general public. Mypay dfas mil mypay It is subject to a nonexclusive license. Mypay dfas mil mypay It has not been substantially modified. Mypay dfas mil mypay   If the software meets the tests above, it can be depreciated and may qualify for the section 179 expense deduction and the special depreciation allowance (if applicable), discussed later. Mypay dfas mil mypay Certain term interests in property. Mypay dfas mil mypay   You cannot depreciate a term interest in property created or acquired after July 27, 1989, for any period during which the remainder interest is held, directly or indirectly, by a person related to you. Mypay dfas mil mypay This rule does not apply to the holder of a term interest in property acquired by gift, bequest, or inheritance. Mypay dfas mil mypay For more information, see chapter 1 of Publication 946. Mypay dfas mil mypay When Does Depreciation Begin and End? You begin to depreciate your property when you place it in service for use in your trade or business or for the production of income. Mypay dfas mil mypay You stop depreciating property either when you have fully recovered your cost or other basis or when you retire it from service, whichever happens first. Mypay dfas mil mypay Placed in Service Property is placed in service when it is ready and available for a specific use, whether in a business activity, an income-producing activity, a tax-exempt activity, or a personal activity. Mypay dfas mil mypay Even if you are not using the property, it is in service when it is ready and available for its specific use. Mypay dfas mil mypay Example. Mypay dfas mil mypay You bought a planter for use in your farm business. Mypay dfas mil mypay The planter was delivered in December 2012 after harvest was over. Mypay dfas mil mypay You begin to depreciate the planter for 2012 because it was ready and available for its specific use in 2012, even though it will not be used until the spring of 2013. Mypay dfas mil mypay If your planter comes unassembled in December 2012 and is put together in February 2013, it is not placed in service until 2013. Mypay dfas mil mypay You begin to depreciate it in 2013. Mypay dfas mil mypay If your planter was delivered and assembled in February 2013 but not used until April 2013, it is placed in service in February 2013, because this is when the planter was ready for its specified use. Mypay dfas mil mypay You begin to depreciate it in 2013. Mypay dfas mil mypay Fruit or nut trees and vines. Mypay dfas mil mypay   If you acquire an orchard, grove, or vineyard before the trees or vines have reached the income-producing stage, and they have a preproductive period of more than 2 years, you must capitalize the preproductive-period costs under the uniform capitalization rules (unless you elect not to use these rules). Mypay dfas mil mypay See chapter 6 for information about the uniform capitalization rules. Mypay dfas mil mypay Your depreciation begins when the trees and vines reach the income-producing stage (that is, when they bear fruit, nuts, or grapes in quantities sufficient to commercially warrant harvesting). Mypay dfas mil mypay Immature livestock. Mypay dfas mil mypay   Depreciation for livestock begins when the livestock reaches the age of maturity. Mypay dfas mil mypay If you bought immature livestock for drafting purposes, depreciation begins when they can be worked. Mypay dfas mil mypay If you bought immature livestock for dairy purposes, depreciation begins when they can be milked. Mypay dfas mil mypay If you bought immature livestock for breeding purposes, depreciation begins when they can be bred. Mypay dfas mil mypay Your basis for depreciation is your initial cost for the immature livestock. Mypay dfas mil mypay Idle Property Continue to claim a deduction for depreciation on property used in your business or for the production of income even if it is temporarily idle. Mypay dfas mil mypay For example, if you stop using a machine because there is a temporary lack of a market for a product made with that machine, continue to deduct depreciation on the machine. Mypay dfas mil mypay Cost or Other Basis Fully Recovered You stop depreciating property when you have fully recovered your cost or other basis. Mypay dfas mil mypay This happens when your section 179 and allowed or allowable depreciation deductions equal your cost or investment in the property. Mypay dfas mil mypay Retired From Service You stop depreciating property when you retire it from service, even if you have not fully recovered its cost or other basis. Mypay dfas mil mypay You retire property from service when you permanently withdraw it from use in a trade or business or from use in the production of income because of any of the following events. Mypay dfas mil mypay You sell or exchange the property. Mypay dfas mil mypay You convert the property to personal use. Mypay dfas mil mypay You abandon the property. Mypay dfas mil mypay You transfer the property to a supplies or scrap account. Mypay dfas mil mypay The property is destroyed. Mypay dfas mil mypay For information on abandonment of property, see chapter 8. Mypay dfas mil mypay For information on destroyed property, see chapter 11 and Publication 547, Casualties, Disasters, and Thefts. Mypay dfas mil mypay Can You Use MACRS To Depreciate Your Property? You must use the Modified Accelerated Cost Recovery System (MACRS) to depreciate most business and investment property placed in service after 1986. Mypay dfas mil mypay MACRS is explained later under Figuring Depreciation Under MACRS . Mypay dfas mil mypay You cannot use MACRS to depreciate the following property. Mypay dfas mil mypay Property you placed in service before 1987. Mypay dfas mil mypay Use the methods discussed in Publication 534. Mypay dfas mil mypay Certain property owned or used in 1986. Mypay dfas mil mypay See chapter 1 of Publication 946. Mypay dfas mil mypay Intangible property. Mypay dfas mil mypay Films, video tapes, and recordings. Mypay dfas mil mypay Certain corporate or partnership property acquired in a nontaxable transfer. Mypay dfas mil mypay Property you elected to exclude from MACRS. Mypay dfas mil mypay For more information, see chapter 1 of Publication 946. Mypay dfas mil mypay What Is the Basis of Your Depreciable Property? To figure your depreciation deduction, you must determine the basis of your property. Mypay dfas mil mypay To determine basis, you need to know the cost or other basis of your property. Mypay dfas mil mypay Cost or other basis. Mypay dfas mil mypay   The basis of property you buy is usually its cost plus amounts you paid for items such as sales tax, freight charges, and installation and testing fees. Mypay dfas mil mypay The cost includes the amount you pay in cash, debt obligations, other property, or services. Mypay dfas mil mypay   There are times when you cannot use cost as basis. Mypay dfas mil mypay In these situations, the fair market value (FMV) or the adjusted basis of the property may be used. Mypay dfas mil mypay Adjusted basis. Mypay dfas mil mypay   To find your property's basis for depreciation, you may have to make certain adjustments (increases and decreases) to the basis of the property for events occurring between the time you acquired the property and the time you placed it in service. Mypay dfas mil mypay Basis adjustment for depreciation allowed or allowable. Mypay dfas mil mypay   After you place your property in service, you must reduce the basis of the property by the depreciation allowed or allowable, whichever is greater. Mypay dfas mil mypay Depreciation allowed is depreciation you actually deducted (from which you received a tax benefit). Mypay dfas mil mypay Depreciation allowable is depreciation you are entitled to deduct. Mypay dfas mil mypay   If you do not claim depreciation you are entitled to deduct, you must still reduce the basis of the property by the full amount of depreciation allowable. Mypay dfas mil mypay   If you deduct more depreciation than you should, you must reduce your basis by any amount deducted from which you received a tax benefit (the depreciation allowed). Mypay dfas mil mypay   For more information, see chapter 6. Mypay dfas mil mypay How Do You Treat Repairs and Improvements? You generally deduct the cost of repairing business property in the same way as any other business expense. Mypay dfas mil mypay However, if a repair or replacement increases the value of your property, makes it more useful, or lengthens its life, you must treat it as an improvement and depreciate it. Mypay dfas mil mypay Treat improvements as separate depreciable property. Mypay dfas mil mypay See chapter 1 of Publication 946 for more information. Mypay dfas mil mypay Example. Mypay dfas mil mypay You repair a small section on a corner of the roof of a barn that you rent to others. Mypay dfas mil mypay You deduct the cost of the repair as a business expense. Mypay dfas mil mypay However, if you replace the entire roof, the new roof is considered to be an improvement because it increases the value and lengthens the life for the property. Mypay dfas mil mypay You depreciate the cost of the new roof. Mypay dfas mil mypay Improvements to rented property. Mypay dfas mil mypay   You can depreciate permanent improvements you make to business property you rent from someone else. Mypay dfas mil mypay Do You Have To File Form 4562? Use Form 4562 to claim your deduction for depreciation and amortization. Mypay dfas mil mypay You must complete and attach Form 4562 to your tax return if you are claiming any of the following. Mypay dfas mil mypay A section 179 expense deduction for the current year or a section 179 carryover from a prior year. Mypay dfas mil mypay Depreciation for property placed in service during the current year. Mypay dfas mil mypay Depreciation on any vehicle or other listed property, regardless of when it was placed in service. Mypay dfas mil mypay Amortization of costs that began in the current year. Mypay dfas mil mypay For more information, see the Instructions for Form 4562. Mypay dfas mil mypay How Do You Correct Depreciation Deductions? If you deducted an incorrect amount of depreciation in any year, you may be able to make a correction by filing an amended return for that year. Mypay dfas mil mypay You can file an amended return to correct the amount of depreciation claimed for any property in any of the following situations. Mypay dfas mil mypay You claimed the incorrect amount because of a mathematical error made in any year. Mypay dfas mil mypay You claimed the incorrect amount because of a posting error made in any year, for example, omitting an asset from the depreciation schedule. Mypay dfas mil mypay You have not adopted a method of accounting for the property placed in service by you in tax years ending after December 29, 2003. Mypay dfas mil mypay You claimed the incorrect amount on property placed in service by you in tax years ending before December 30, 2003. Mypay dfas mil mypay Note. Mypay dfas mil mypay You have adopted a method of accounting if you used the same incorrect method of depreciation for two or more consecutively filed returns. Mypay dfas mil mypay If you are not allowed to make the correction on an amended return, you may be able to change your accounting method to claim the correct amount of depreciation. Mypay dfas mil mypay See the Instructions for Form 3115. Mypay dfas mil mypay Section 179 Expense Deduction You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. Mypay dfas mil mypay This is the section 179 expense deduction. Mypay dfas mil mypay You can elect the section 179 expense deduction instead of recovering the cost by taking depreciation deductions. Mypay dfas mil mypay This part of the chapter explains the rules for the section 179 expense deduction. Mypay dfas mil mypay It explains what property qualifies for the deduction, what property does not qualify for the deduction, the limits that may apply, how to elect the deduction, and when you may have to recapture the deduction. Mypay dfas mil mypay For more information, see chapter 2 of Publication 946. Mypay dfas mil mypay What Property Qualifies? To qualify for the section 179 expense deduction, your property must meet all the following requirements. Mypay dfas mil mypay It must be eligible property. Mypay dfas mil mypay It must be acquired for business use. Mypay dfas mil mypay It must have been acquired by purchase. Mypay dfas mil mypay Eligible Property To qualify for the section 179 expense deduction, your property must be one of the following types of depreciable property. Mypay dfas mil mypay Tangible personal property. Mypay dfas mil mypay Qualified real property. Mypay dfas mil mypay (Special rules apply to qualified real property that you elect to treat as qualified section 179 real property. Mypay dfas mil mypay For more information, see chapter 2 of Publication 946 and section 179(f) of the Internal Revenue Code. Mypay dfas mil mypay ) Other tangible property (except buildings and their structural components) used as: An integral part of manufacturing, production, or extraction or of furnishing transportation, communications, electricity, gas, water, or sewage disposal services; A research facility used in connection with any of the activities in (a) above; or A facility used in connection with any of the activities in (a) for the bulk storage of fungible commodities. Mypay dfas mil mypay Single purpose agricultural (livestock) or horticultural structures. Mypay dfas mil mypay Storage facilities (except buildings and their structural components) used in connection with distributing petroleum or any primary product of petroleum. Mypay dfas mil mypay Off-the-shelf computer software that is readily available for purchase by the general public, is subject to a nonexclusive lease, and has not been substantially modified. Mypay dfas mil mypay Tangible personal property. Mypay dfas mil mypay   Tangible personal property is any tangible property that is not real property. Mypay dfas mil mypay It includes the following property. Mypay dfas mil mypay Machinery and equipment. Mypay dfas mil mypay Property contained in or attached to a building (other than structural components), such as milk tanks, automatic feeders, barn cleaners, and office equipment. Mypay dfas mil mypay Gasoline storage tanks and pumps at retail service stations. Mypay dfas mil mypay Livestock, including horses, cattle, hogs, sheep, goats, and mink and other fur-bearing animals. Mypay dfas mil mypay Facility used for the bulk storage of fungible commodities. Mypay dfas mil mypay   A facility used for the bulk storage of fungible commodities is qualifying property for purposes of the section 179 expense deduction if it is used in connection with any of the activities listed earlier in item (3)(a). Mypay dfas mil mypay Bulk storage means the storage of a commodity in a large mass before it is used. Mypay dfas mil mypay Grain bins. Mypay dfas mil mypay   A grain bin is an example of a storage facility that is qualifying section 179 property. Mypay dfas mil mypay It is a facility used in connection with the production of grain or livestock for the bulk storage of fungible commodities. Mypay dfas mil mypay Single purpose agricultural or horticultural structures. Mypay dfas mil mypay   A single purpose agricultural (livestock) or horticultural structure is qualifying property for purposes of the section 179 expense deduction. Mypay dfas mil mypay Agricultural structure. Mypay dfas mil mypay   A single purpose agricultural (livestock) structure is any building or enclosure specifically designed, constructed, and used for both the following reasons. Mypay dfas mil mypay To house, raise, and feed a particular type of livestock and its produce. Mypay dfas mil mypay To house the equipment, including any replacements, needed to house, raise, or feed the livestock. Mypay dfas mil mypay For this purpose, livestock includes poultry. Mypay dfas mil mypay   Single purpose structures are qualifying property if used, for example, to breed chickens or hogs, produce milk from dairy cattle, or produce feeder cattle or pigs, broiler chickens, or eggs. Mypay dfas mil mypay The facility must include, as an integral part of the structure or enclosure, equipment necessary to house, raise, and feed the livestock. Mypay dfas mil mypay Horticultural structure. Mypay dfas mil mypay   A single purpose horticultural structure is either of the following. Mypay dfas mil mypay A greenhouse specifically designed, constructed, and used for the commercial production of plants. Mypay dfas mil mypay A structure specifically designed, constructed, and used for the commercial production of mushrooms. Mypay dfas mil mypay Use of structure. Mypay dfas mil mypay   A structure must be used only for the purpose that qualified it. Mypay dfas mil mypay For example, a hog barn will not be qualifying property if you use it to house poultry. Mypay dfas mil mypay Similarly, using part of your greenhouse to sell plants will make the greenhouse nonqualifying property. Mypay dfas mil mypay   If a structure includes work space, the work space can be used only for the following activities. Mypay dfas mil mypay Stocking, caring for, or collecting livestock or plants or their produce. Mypay dfas mil mypay Maintaining the enclosure or structure. Mypay dfas mil mypay Maintaining or replacing the equipment or stock enclosed or housed in the structure. Mypay dfas mil mypay Property Acquired by Purchase To qualify for the section 179 expense deduction, your property must have been acquired by purchase. Mypay dfas mil mypay For example, property acquired by gift or inheritance does not qualify. Mypay dfas mil mypay Property acquired from a related person (that is, your spouse, ancestors, or lineal descendants) is not considered acquired by purchase. Mypay dfas mil mypay Example. Mypay dfas mil mypay Ken is a farmer. Mypay dfas mil mypay He purchased two tractors, one from his brother and one from his father. Mypay dfas mil mypay He placed both tractors in service in the same year he bought them. Mypay dfas mil mypay The tractor purchased from his father does not qualify for the section 179 expense deduction because he is a related person (as defined above). Mypay dfas mil mypay The tractor purchased from his brother does qualify for the deduction because Ken is not a related person (as defined above). Mypay dfas mil mypay What Property Does Not Qualify? Land and improvements. Mypay dfas mil mypay   Land and land improvements, do not qualify as section 179 property. Mypay dfas mil mypay Land improvements include nonagricultural fences, swimming pools, paved parking areas, wharves, docks, bridges, and fences. Mypay dfas mil mypay However, agricultural fences do qualify as section 179 property. Mypay dfas mil mypay Similarly, field drainage tile also qualifies as section 179 property. Mypay dfas mil mypay Excepted property. Mypay dfas mil mypay   Even if the requirements explained in the preceding discussions are met, farmers cannot elect the section 179 expense deduction for the following property. Mypay dfas mil mypay Certain property you lease to others (if you are a noncorporate lessor). Mypay dfas mil mypay Certain property used predominantly to furnish lodging or in connection with the furnishing of lodging. Mypay dfas mil mypay Property used by a tax-exempt organization (other than a tax-exempt farmers' cooperative) unless the property is used mainly in a taxable unrelated trade or business. Mypay dfas mil mypay Property used by governmental units or foreign persons or entities (except property used under a lease with a term of less than 6 months). Mypay dfas mil mypay How Much Can You Deduct? Your section 179 expense deduction is generally the cost of the qualifying property. Mypay dfas mil mypay However, the total amount you can elect to deduct under section 179 is subject to a dollar limit and a business income limit. Mypay dfas mil mypay These limits apply to each taxpayer, not to each business. Mypay dfas mil mypay However, see Married individuals under Dollar Limits , later. Mypay dfas mil mypay See also the special rules for applying the limits for partnerships and S corporations under Partnerships and S Corporations , later. Mypay dfas mil mypay If you deduct only part of the cost of qualifying property as a section 179 expense deduction, you can generally depreciate the cost you do not deduct. Mypay dfas mil mypay Use Part I of Form 4562 to figure your section 179 expense deduction. Mypay dfas mil mypay Partial business use. Mypay dfas mil mypay   When you use property for business and nonbusiness purposes, you can elect the section 179 expense deduction only if you use it more than 50% for business in the year you place it in service. Mypay dfas mil mypay If you used the property more than 50% for business, multiply the cost of the property by the percentage of business use. Mypay dfas mil mypay Use the resulting business cost to figure your section 179 expense deduction. Mypay dfas mil mypay Trade-in of other property. Mypay dfas mil mypay   If you buy qualifying property with cash and a trade-in, its cost for purposes of the section 179 expense deduction includes only the cash you paid. Mypay dfas mil mypay For example, if you buy (for cash and a trade-in) a new tractor for use in your business, your cost for the section 179 expense deduction is the cash you paid. Mypay dfas mil mypay It does not include the adjusted basis of the old tractor you trade for the new tractor. Mypay dfas mil mypay Example. Mypay dfas mil mypay J-Bar Farms traded two cultivators having a total adjusted basis of $6,800 for a new cultivator costing $13,200. Mypay dfas mil mypay They received an $8,000 trade-in allowance for the old cultivators and paid $5,200 cash for the new cultivator. Mypay dfas mil mypay J-Bar also traded a used pickup truck with an adjusted basis of $8,000 for a new pickup truck costing $35,000. Mypay dfas mil mypay They received a $5,000 trade-in allowance and paid $30,000 cash for the new pickup truck. Mypay dfas mil mypay Only the cash paid by J-Bar qualifies for the section 179 expense deduction. Mypay dfas mil mypay J-Bar's business costs that qualify for a section 179 expense deduction are $35,200 ($5,200 + $30,000). Mypay dfas mil mypay Dollar Limits The total amount you can elect to deduct under section 179 for most property placed in service in 2013 is $500,000. Mypay dfas mil mypay If you acquire and place in service more than one item of qualifying property during the year, you can allocate the section 179 expense deduction among the items in any way, as long as the total deduction is not more than $500,000. Mypay dfas mil mypay Qualified real property that you elect to treat as section 179 property is limited to $250,000 of the maximum section 179 deduction of $500,000 for 2013. Mypay dfas mil mypay You do not have to claim the full $500,000. Mypay dfas mil mypay For specific information on the section 179 dollar limits, see chapter 2 of Publication 946. Mypay dfas mil mypay Reduced dollar limit for cost exceeding $2 million. Mypay dfas mil mypay   If the cost of your qualifying section 179 property placed in service in 2013 is over $2 million, you must reduce the dollar limit (but not below zero) by the amount of cost over $2 million. Mypay dfas mil mypay If the cost of your section 179 property placed in service during 2013 is $2,500,000 or more, you cannot take a section 179 expense deduction and you cannot carry over the cost that is more than $2,500,000. Mypay dfas mil mypay Example. Mypay dfas mil mypay This year, James Smith placed in service machinery costing $2,050,000. Mypay dfas mil mypay Because this cost is $50,000 more than $2 million, he must reduce his dollar limit to $450,000 ($500,000 − $50,000). Mypay dfas mil mypay Limits for sport utility vehicles. Mypay dfas mil mypay   The total amount you can elect to deduct for certain sport utility vehicles and certain other vehicles placed in service in 2013 is $25,000. Mypay dfas mil mypay This rule applies to any 4-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, and highways that is rated at more than 6,000 pounds gross vehicle weight and not more than 14,000 pounds gross vehicle weight. Mypay dfas mil mypay   For more information, see chapter 2 of Publication 946. Mypay dfas mil mypay Limits for passenger automobiles. Mypay dfas mil mypay   For a passenger automobile that is placed in service in 2013, the total section 179 and depreciation deduction is limited. Mypay dfas mil mypay See Do the Passenger Automobile Limits Apply , later. Mypay dfas mil mypay Married individuals. Mypay dfas mil mypay   If you are married, how you figure your section 179 expense deduction depends on whether you file jointly or separately. Mypay dfas mil mypay If you file a joint return, you and your spouse are treated as one taxpayer in determining any reduction to the dollar limit, regardless of which of you purchased the property or placed it in service. Mypay dfas mil mypay If you and your spouse file separate returns, you are treated as one taxpayer for the dollar limit, including the reduction for costs over $2 million. Mypay dfas mil mypay You must allocate the dollar limit (after any reduction) equally between you, unless you both elect a different allocation. Mypay dfas mil mypay If the percentages elected by each of you do not total 100%, 50% will be allocated to each of you. Mypay dfas mil mypay Joint return after separate returns. Mypay dfas mil mypay   If you and your spouse elect to amend your separate returns by filing a joint return after the due date for filing your return, the dollar limit on the joint return is the lesser of the following amounts. Mypay dfas mil mypay The dollar limit (after reduction for any cost of section 179 property over $2 million). Mypay dfas mil mypay The total cost of section 179 property you and your spouse elected to expense on your separate returns. Mypay dfas mil mypay Business Income Limit The total cost you can deduct each year after you apply the dollar limit is limited to the taxable income from the active conduct of any trade or business during the year. Mypay dfas mil mypay Generally, you are considered to actively conduct a trade or business if you meaningfully participate in the management or operations of the trade or business. Mypay dfas mil mypay Any cost not deductible in one year under section 179 because of this limit can be carried to the next year. Mypay dfas mil mypay See Carryover of disallowed deduction , later. Mypay dfas mil mypay Taxable income. Mypay dfas mil mypay   In general, figure taxable income for this purpose by totaling the net income and losses from all trades and businesses you actively conducted during the year. Mypay dfas mil mypay In addition to net income or loss from a sole proprietorship, partnership, or S corporation, net income or loss derived from a trade or business also includes the following items. Mypay dfas mil mypay Section 1231 gains (or losses) as discussed in chapter 9. Mypay dfas mil mypay Interest from working capital of your trade or business. Mypay dfas mil mypay Wages, salaries, tips, or other pay earned by you (or your spouse if you file a joint return) as an employee of any employer. Mypay dfas mil mypay   In addition, figure taxable income without regard to any of the following. Mypay dfas mil mypay The section 179 expense deduction. Mypay dfas mil mypay The self-employment tax deduction. Mypay dfas mil mypay Any net operating loss carryback or carryforward. Mypay dfas mil mypay Any unreimbursed employee business expenses. Mypay dfas mil mypay Two different taxable income limits. Mypay dfas mil mypay   In addition to the business income limit for your section 179 expense deduction, you may have a taxable income limit for some other deduction (for example, charitable contributions). Mypay dfas mil mypay You may have to figure the limit for this other deduction taking into account the section 179 expense deduction. Mypay dfas mil mypay If so, complete the following steps. Mypay dfas mil mypay Step Action 1 Figure taxable income without the section 179 expense deduction or the other deduction. Mypay dfas mil mypay 2 Figure a hypothetical section 179 expense deduction using the taxable income figured in Step 1. Mypay dfas mil mypay 3 Subtract the hypothetical section 179 expense deduction figured in Step 2 from the taxable income figured in Step 1. Mypay dfas mil mypay 4 Figure a hypothetical amount for the other deduction using the amount figured in Step 3 as taxable income. Mypay dfas mil mypay 5 Subtract the hypothetical other deduction figured in Step 4 from the taxable income figured in  Step 1. Mypay dfas mil mypay 6 Figure your actual section 179 expense deduction using the taxable income figured in Step 5. Mypay dfas mil mypay 7 Subtract your actual section 179 expense deduction figured in Step 6 from the taxable income figured in Step 1. Mypay dfas mil mypay 8 Figure your actual other deduction using the taxable income figured in Step 7. Mypay dfas mil mypay Example. Mypay dfas mil mypay On February 1, 2013, the XYZ farm corporation purchased and placed in service qualifying section 179 property that cost $500,000. Mypay dfas mil mypay It elects to expense the entire $500,000 cost under section 179. Mypay dfas mil mypay In June, the corporation gave a charitable contribution of $10,000. Mypay dfas mil mypay A corporation's limit on charitable contributions is figured after subtracting any section 179 expense deduction. Mypay dfas mil mypay The business income limit for the section 179 expense deduction is figured after subtracting any allowable charitable contributions. Mypay dfas mil mypay XYZ's taxable income figured without the section 179 expense deduction or the deduction for charitable contributions is $520,000. Mypay dfas mil mypay XYZ figures its section 179 expense deduction and its deduction for charitable contributions as follows. Mypay dfas mil mypay Step 1. Mypay dfas mil mypay Taxable income figured without either deduction is $520,000. Mypay dfas mil mypay Step 2. Mypay dfas mil mypay Using $520,000 as taxable income, XYZ's hypothetical section 179 expense deduction is $500,000. Mypay dfas mil mypay Step 3. Mypay dfas mil mypay $20,000 ($520,000 − $500,000). Mypay dfas mil mypay Step 4. Mypay dfas mil mypay Using $20,000 (from Step 3) as taxable income, XYZ's hypothetical charitable contribution (limited to 10% of taxable income) is $2,000. Mypay dfas mil mypay Step 5. Mypay dfas mil mypay $518,000 ($520,000 − $2,000). Mypay dfas mil mypay Step 6. Mypay dfas mil mypay Using $518,000 (from Step 5) as taxable income, XYZ figures the actual section 179 expense deduction. Mypay dfas mil mypay Because the taxable income is at least $500,000, XYZ can take a $500,000 section 179 expense deduction. Mypay dfas mil mypay Step 7. Mypay dfas mil mypay $20,000 ($520,000 − $500,000). Mypay dfas mil mypay Step 8. Mypay dfas mil mypay Using $20,000 (from Step 7) as taxable income, XYZ's actual charitable contribution (limited to 10% of taxable income) is $2,000. Mypay dfas mil mypay Carryover of disallowed deduction. Mypay dfas mil mypay   You can carry over for an unlimited number of years the cost of any section 179 property you elected to expense but were unable to because of the business income limit. Mypay dfas mil mypay   The amount you carry over is used in determining your section 179 expense deduction in the next year. Mypay dfas mil mypay However, it is subject to the limits in that year. Mypay dfas mil mypay If you place more than one property in service in a year, you can select the properties for which all or a part of the cost will be carried forward. Mypay dfas mil mypay Your selections must be shown in your books and records. Mypay dfas mil mypay Example. Mypay dfas mil mypay Last year, Joyce Jones placed in service a machine that cost $8,000 and elected to deduct all $8,000 under section 179. Mypay dfas mil mypay The taxable income from her business (determined without regard to both a section 179 expense deduction for the cost of the machine and the self-employment tax deduction) was $6,000. Mypay dfas mil mypay Her section 179 expense deduction was limited to $6,000. Mypay dfas mil mypay The $2,000 cost that was not allowed as a section 179 expense deduction (because of the business income limit) is carried to this year. Mypay dfas mil mypay This year, Joyce placed another machine in service that cost $9,000. Mypay dfas mil mypay Her taxable income from business (determined without regard to both a section 179 expense deduction for the cost of the machine and the self-employment tax deduction) is $10,000. Mypay dfas mil mypay Joyce can deduct the full cost of the machine ($9,000) but only $1,000 of the carryover from last year because of the business income limit. Mypay dfas mil mypay She can carry over the balance of $1,000 to next year. Mypay dfas mil mypay Partnerships and S Corporations The section 179 expense deduction limits apply both to the partnership or S corporation and to each partner or shareholder. Mypay dfas mil mypay The partnership or S corporation determines its section 179 expense deduction subject to the limits. Mypay dfas mil mypay It then allocates the deduction among its partners or shareholders. Mypay dfas mil mypay If you are a partner in a partnership or shareholder of an S corporation, you add the amount allocated from the partnership or S corporation to any section 179 costs not related to the partnership or S corporation and then apply the dollar limit to this total. Mypay dfas mil mypay To determine any reduction in the dollar limit for costs over $560,000, you do not include any of the cost of section 179 property placed in service by the partnership or S corporation. Mypay dfas mil mypay After you apply the dollar limit, you apply the business income limit to any remaining section 179 costs. Mypay dfas mil mypay For more information, see chapter 2 of Publication 946. Mypay dfas mil mypay Example. Mypay dfas mil mypay In 2013, Partnership P placed in service section 179 property with a total cost of $2,160,000. Mypay dfas mil mypay P must reduce its dollar limit by $160,000 ($2,160,000 − $2,000,000). Mypay dfas mil mypay Its maximum section 179 expense deduction is $340,000 ($500,000 − $160,000), and it elects to expense that amount. Mypay dfas mil mypay Because P's taxable income from the active conduct of all its trades or businesses for the year was $400,000, it can deduct the full $340,000. Mypay dfas mil mypay P allocates $100,000 of its section 179 expense deduction and $110,000 of its taxable income to John, one of its partners. Mypay dfas mil mypay John also conducts a business as a sole proprietor and in 2013, placed in service in that business, section 179 property costing $28,000. Mypay dfas mil mypay John's taxable income from that business was $10,000. Mypay dfas mil mypay In addition to the $100,000 allocated from P, he elects to expense the $28,000 of his sole proprietorship's section 179 costs. Mypay dfas mil mypay However, John's deduction is limited to his business taxable income of $120,000 ($110,000 from P plus $10,000 from his sole proprietorship). Mypay dfas mil mypay He carries over $8,000 ($128,000 − $120,000) of the elected section 179 costs to 2014. Mypay dfas mil mypay How Do You Elect the Deduction? You elect to take the section 179 expense deduction by completing Part I of Form 4562. Mypay dfas mil mypay If you elect the deduction for listed property, complete Part V of  Form 4562 before completing Part I. Mypay dfas mil mypay   File Form 4562 with either of the following: Your original tax return (whether or not you filed it timely), or An amended return filed within the time prescribed by law. Mypay dfas mil mypay An election made on an amended return must specify the item of section 179 property to which the election applies and the part of the cost of each such item to be taken into account. Mypay dfas mil mypay The amended return must also include any resulting adjustments to taxable income. Mypay dfas mil mypay Revoking an election. Mypay dfas mil mypay   An election (or any specification made in the election) to take a section 179 expense deduction for 2013 can be revoked without IRS approval by filing an amended return. Mypay dfas mil mypay The amended return must be filed within the time prescribed by law. Mypay dfas mil mypay The amended return must also include any resulting adjustments to taxable income (for example, allowable depreciation in that tax year for the item of section 179 property for which the election pertains. Mypay dfas mil mypay ) Once made, the revocation is irrevocable. Mypay dfas mil mypay When Must You Recapture the Deduction? You may have to recapture the section 179 expense deduction if, in any year during the property's recovery period, the percentage of business use drops to 50% or less. Mypay dfas mil mypay In the year the business use drops to 50% or less, you include the recapture amount as ordinary income. Mypay dfas mil mypay You also increase the basis of the property by the recapture amount. Mypay dfas mil mypay Recovery periods for property are discussed later. Mypay dfas mil mypay If you sell, exchange, or otherwise dispose of the property, do not figure the recapture amount under the rules explained in this discussion. Mypay dfas mil mypay Instead, use the rules for recapturing depreciation explained in  chapter 9 under Section 1245 Property. Mypay dfas mil mypay   If the property is listed property, do not figure the recapture amount under the rules explained in this discussion when the percentage of business use drops to 50% or less. Mypay dfas mil mypay Instead, use the rules for recapturing depreciation explained in chapter 5 of Publication 946 under Recapture of Excess Depreciation. Mypay dfas mil mypay Figuring the recapture amount. Mypay dfas mil mypay   To figure the amount to recapture, take the following steps. Mypay dfas mil mypay Figure the allowable depreciation for the section 179 expense deduction you claimed. Mypay dfas mil mypay Begin with the year you placed the property in service and include the year of recapture. Mypay dfas mil mypay Subtract the depreciation figured in (1) from the section 179 expense deduction you actually claimed. Mypay dfas mil mypay The result is the amount you must recapture. Mypay dfas mil mypay Example. Mypay dfas mil mypay In January 2011, Paul Lamb, a calendar year taxpayer, bought and placed in service section 179 property costing $10,000. Mypay dfas mil mypay The property is not listed property. Mypay dfas mil mypay He elected a $5,000 section 179 expense deduction for the property and also elected not to claim a special depreciation allowance. Mypay dfas mil mypay He used the property only for business in 2011 and 2012. Mypay dfas mil mypay During 2013, he used the property 40% for business and 60% for personal use. Mypay dfas mil mypay He figures his recapture amount as follows. Mypay dfas mil mypay Section 179 expense deduction claimed (2011) $5,000 Minus: Allowable depreciation (instead of section 179 expense deduction):   2011 $1,250   2012 1,875   2013 ($1,250 × 40% (business)) 500 3,625 2013 — Recapture amount $1,375     Paul must include $1,375 in income for 2013. Mypay dfas mil mypay Where to report recapture. Mypay dfas mil mypay   Report any recapture of the section 179 expense deduction as ordinary income in Part IV of Form 4797 and include it in income on Schedule F (Form 1040). Mypay dfas mil mypay Recapture for qualified section 179 GO Zone property. Mypay dfas mil mypay   If any qualified section 179 GO Zone property ceases to be used in the GO Zone in a later year, you must recapture the benefit of the increased section 179 expense deduction as “other income. Mypay dfas mil mypay ” Claiming the Special Depreciation Allowance For qualified property (defined below) placed in service in 2013, you can take an additional 50% special depreciation allowance. Mypay dfas mil mypay The allowance is an additional deduction you can take after any section 179 expense deduction and before you figure regular depreciation under MACRS. Mypay dfas mil mypay Figure the special depreciation allowance by multiplying the depreciable basis of the qualified property by 50%. Mypay dfas mil mypay What is Qualified Property? For farmers, qualified property generally is certain qualified property acquired after December 31, 2007, and placed in service before January 1, 2014. Mypay dfas mil mypay Certain qualified property acquired after December 31, 2007, and placed in service before January 1, 2014. Mypay dfas mil mypay   Certain qualified property (defined below) acquired after December 31, 2007, and before January 1, 2014, is eligible for a 50% special depreciation allowance. Mypay dfas mil mypay   Qualified property includes the following: Tangible property depreciated under the Modified Accelerated Cost Recovery System (MACRS) with a recovery period of 20 years or less. Mypay dfas mil mypay Water utility property. Mypay dfas mil mypay Off-the-shelf computer software. Mypay dfas mil mypay Qualified leasehold improvement property. Mypay dfas mil mypay   Qualified property must also meet all of the following tests: You must have acquired qualified property by purchase after December 31, 2007. Mypay dfas mil mypay If a binding contract to acquire the property existed before January 1, 2008, the property does not qualify. Mypay dfas mil mypay Qualified property must be placed in service after December 31, 2007 and placed in service before January 1, 2014 (before January 1, 2015 for certain property with a long production period and for certain aircraft). Mypay dfas mil mypay The original use of the property must begin with you after December 31, 2007. Mypay dfas mil mypay For more information, see chapter 3 of Publication 946. Mypay dfas mil mypay How Can You Elect Not To Claim the Allowance? You can elect, for any class of property, not to deduct the special depreciation allowance for all property in such class placed in service during the tax year. Mypay dfas mil mypay To make the election, attach a statement to your return indicating the class of property for which you are making the election. Mypay dfas mil mypay Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. Mypay dfas mil mypay However, if you timely filed your return for the year without making the election, you still can make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). Mypay dfas mil mypay Attach the election statement to the amended return. Mypay dfas mil mypay On the amended return, write “Filed pursuant to section 301. Mypay dfas mil mypay 9100-2. Mypay dfas mil mypay ” Once made, the election may not be revoked without IRS consent. Mypay dfas mil mypay If you elect not to have the special depreciation allowance apply, the property may be subject to an alternative minimum tax adjustment for depreciation. Mypay dfas mil mypay When Must You Recapture an Allowance When you dispose of property for which you claimed a special depreciation allowance, any gain on the disposition is generally recaptured (included in income) as ordinary income up to the amount of the special depreciation allowance previously allowed or allowable. Mypay dfas mil mypay For more information, see chapter 3 of Publication 946. Mypay dfas mil mypay Figuring Depreciation Under MACRS The Modified Accelerated Cost Recovery System (MACRS) is used to recover the basis of most business and investment property placed in service after 1986. Mypay dfas mil mypay MACRS consists of two depreciation systems, the General Depreciation System (GDS) and the Alternative Depreciation System (ADS). Mypay dfas mil mypay Generally, these systems provide different methods and recovery periods to use in figuring depreciation deductions. Mypay dfas mil mypay To be sure you can use MACRS to figure depreciation for your property, see Can You Use MACRS To Depreciate Your Property, earlier. Mypay dfas mil mypay This part explains how to determine which MACRS depreciation system applies to your property. Mypay dfas mil mypay It also discusses the following information that you need to know before you can figure depreciation under MACRS. Mypay dfas mil mypay Property's recovery class. Mypay dfas mil mypay Placed-in-service date. Mypay dfas mil mypay Basis for depreciation. Mypay dfas mil mypay Recovery period. Mypay dfas mil mypay Convention. Mypay dfas mil mypay Depreciation method. Mypay dfas mil mypay Finally, this part explains how to use this information to figure your depreciation deduction. Mypay dfas mil mypay Which Depreciation System (GDS or ADS) Applies? Your use of either the General Depreciation System (GDS) or the Alternative Depreciation System (ADS) to depreciate property under MACRS determines what depreciation method and recovery period you use. Mypay dfas mil mypay You generally must use GDS unless you are specifically required by law to use ADS or you elect to use ADS. Mypay dfas mil mypay Required use of ADS. Mypay dfas mil mypay   You must use ADS for the following property. Mypay dfas mil mypay All property used predominantly in a farming business and placed in service in any tax year during which an election not to apply the uniform capitalization rules to certain farming costs is in effect. Mypay dfas mil mypay Listed property used 50% or less in a qualified business use. Mypay dfas mil mypay See Additional Rules for Listed Property , later. Mypay dfas mil mypay Any tax-exempt use property. Mypay dfas mil mypay Any tax-exempt bond-financed property. Mypay dfas mil mypay Any property imported from a foreign country for which an Executive Order is in effect because the country maintains trade restrictions or engages in other discriminatory acts. Mypay dfas mil mypay Any tangible property used predominantly outside the United States during the year. Mypay dfas mil mypay If you are required to use ADS to depreciate your property, you cannot claim the special depreciation allowance. Mypay dfas mil mypay Electing ADS. Mypay dfas mil mypay   Although your property may qualify for GDS, you can elect to use ADS. Mypay dfas mil mypay The election generally must cover all property in the same property class you placed in service during the year. Mypay dfas mil mypay However, the election for residential rental property and nonresidential real property can be made on a property-by-property basis. Mypay dfas mil mypay Once you make this election, you can never revoke it. Mypay dfas mil mypay   You make the election by completing line 20 in Part III of Form 4562. Mypay dfas mil mypay Which Property Class Applies Under GDS? The following is a list of the nine property classes under GDS. Mypay dfas mil mypay 3-year property. Mypay dfas mil mypay 5-year property. Mypay dfas mil mypay 7-year property. Mypay dfas mil mypay 10-year property. Mypay dfas mil mypay 15-year property. Mypay dfas mil mypay 20-year property. Mypay dfas mil mypay 25-year property. Mypay dfas mil mypay Residential rental property. Mypay dfas mil mypay Nonresidential real property. Mypay dfas mil mypay See Which Property Class Applies Under GDS in chapter 4 of Publication 946 for examples of the types of property included in each class. Mypay dfas mil mypay What Is the Placed-in-Service Date? You begin to claim depreciation when your property is placed in service for use either in a trade or business or for the production of income. Mypay dfas mil mypay The placed-in-service date for your property is the date the property is ready and available for a specific use. Mypay dfas mil mypay It is therefore not necessarily the date it is first used. Mypay dfas mil mypay If you converted property held for personal use to use in a trade or business or for the production of income, treat the property as being placed in service on the conversion date. Mypay dfas mil mypay See Placed in Service under When Does Depreciation Begin and End , earlier, for examples illustrating when property is placed in service. Mypay dfas mil mypay What Is the Basis for Depreciation? The basis for depreciation of MACRS property is the property's cost or other basis multiplied by the percentage of business/investment use. Mypay dfas mil mypay Reduce that amount by any credits and deductions allocable to the property. Mypay dfas mil mypay The following are examples of some of the credits and deductions that reduce basis. Mypay dfas mil mypay Any deduction for section 179 property. Mypay dfas mil mypay Any deduction for removal of barriers to the disabled and the elderly. Mypay dfas mil mypay Any disabled access credit, enhanced oil recovery credit, and credit for employer-provided childcare facilities and services. Mypay dfas mil mypay Any special depreciation allowance. Mypay dfas mil mypay Basis adjustment for investment credit property under section 50(c) of the Internal Revenue Code. Mypay dfas mil mypay For information about how to determine the cost or other basis of property, see What Is the Basis of Your Depreciable Property , earlier. Mypay dfas mil mypay Also, see chapter 6. Mypay dfas mil mypay For additional credits and deductions that affect basis, see section 1016 of the Internal Revenue Code. Mypay dfas mil mypay Which Recovery Period Applies? The recovery period of property is the number of years over which you recover its cost or other basis. Mypay dfas mil mypay It is determined based on the depreciation system (GDS or ADS) used. Mypay dfas mil mypay See Table 7-1 for recovery periods under both GDS and ADS for some commonly used assets. Mypay dfas mil mypay For a complete list of recovery periods, see the Table of Class Lives and Recovery Periods in Appendix B of Publication 946. Mypay dfas mil mypay House trailers for farm laborers. Mypay dfas mil mypay   To depreciate a house trailer you supply as housing for those who work on your farm, use one of the following recovery periods if the house trailer is mobile (it has wheels and a history of movement). Mypay dfas mil mypay A 7-year recovery period under GDS. Mypay dfas mil mypay A 10-year recovery period under ADS. Mypay dfas mil mypay   However, if the house trailer is not mobile (its wheels have been removed and permanent utilities and pipes attached to it), use one of the following recovery periods. Mypay dfas mil mypay A 20-year recovery period under GDS. Mypay dfas mil mypay A 25-year recovery period under ADS. Mypay dfas mil mypay Water wells. Mypay dfas mil mypay   Water wells used to provide water for raising poultry and livestock are land improvements. Mypay dfas mil mypay If they are depreciable, use one of the following recovery periods. Mypay dfas mil mypay A 15-year recovery period under GDS. Mypay dfas mil mypay A 20-year recovery period under ADS. Mypay dfas mil mypay   The types of water wells that can be depreciated were discussed earlier in Irrigation systems and water wells under Property Having a Determinable Useful Life . Mypay dfas mil mypay Table 7-1. Mypay dfas mil mypay Farm Property Recovery Periods   Recovery Period in Years Assets GDS ADS Agricultural structures (single purpose) 10 15 Automobiles 5 5 Calculators and copiers 5 6 Cattle (dairy or breeding) 5 7 Communication equipment1 7 10 Computer and peripheral equipment 5 5 Drainage facilities 15 20 Farm buildings2 20 25 Farm machinery and equipment 7 10 Fences (agricultural) 7 10 Goats and sheep (breeding) 5 5 Grain bin 7 10 Hogs (breeding) 3 3 Horses (age when placed in service)     Breeding and working (12 years or less) 7 10 Breeding and working (more than 12 years) 3 10 Racing horses 3 12 Horticultural structures (single purpose) 10 15 Logging machinery and equipment3 5 6 Nonresidential real property 394 40 Office furniture, fixtures, and equipment (not calculators, copiers, or typewriters) 7 10 Paved lots 15 20 Residential rental property 27. Mypay dfas mil mypay 5 40 Tractor units (over-the-road) 3 4 Trees or vines bearing fruit or nuts 10 20 Truck (heavy duty, unloaded weight 13,000 lbs. Mypay dfas mil mypay or more) 5 6 Truck (actual weight less than 13,000 lbs) 5 5 Water wells 15 20 1 Not including communication equipment listed in other classes. Mypay dfas mil mypay 2 Not including single purpose agricultural or horticultural structures. Mypay dfas mil mypay 3 Used by logging and sawmill operators for cutting of timber. Mypay dfas mil mypay 4 For property placed in service after May 12, 1993; for property placed in service before May 13, 1993,  the recovery period is 31. Mypay dfas mil mypay 5 years. Mypay dfas mil mypay Which Convention Applies? Under MACRS, averaging conventions establish when the recovery period begins and ends. Mypay dfas mil mypay The convention you use determines the number of months for which you can claim depreciation in the year you place property in service and in the year you dispose of the property. Mypay dfas mil mypay Use one of the following conventions. Mypay dfas mil mypay The half-year convention. Mypay dfas mil mypay The mid-month convention. Mypay dfas mil mypay The mid-quarter convention. Mypay dfas mil mypay For a detailed explanation of each convention, see Which Convention Applies in chapter 4 of Publication 946. Mypay dfas mil mypay Also, see the Instructions for Form 4562. Mypay dfas mil mypay Which Depreciation Method Applies? MACRS provides three depreciation methods under GDS and one depreciation method under ADS. Mypay dfas mil mypay The 200% declining balance method over a GDS recovery period. Mypay dfas mil mypay The 150% declining balance method over a GDS recovery period. Mypay dfas mil mypay The straight line method over a GDS recovery period. Mypay dfas mil mypay The straight line method over an ADS recovery period. Mypay dfas mil mypay Depreciation Table. Mypay dfas mil mypay   The following table lists the types of property you can depreciate under each method. Mypay dfas mil mypay The declining balance method is abbreviated as DB and the straight line method is abbreviated as SL. Mypay dfas mil mypay Depreciation Table System/Method   Type of Property GDS using  150% DB • All property used in a farming business (except real property)   • All 15- and 20-year property   • Nonfarm 3-, 5-, 7-, and 10-year property1 GDS using SL • Nonresidential real property   • Residential rental property   • Trees or vines bearing fruit or nuts   • All 3-, 5-, 7-, 10-, 15-, and 20-year property1 ADS using SL • Property used predomi- nantly outside the United States   • Farm property used when an election not to apply the uniform capitalization rules is in effect   • Tax-exempt property   • Tax-exempt bond-financed property   • Imported property2   • Any property for which you elect to use this method1 GDS using  200% DB • Nonfarm 3-, 5-, 7-, and 10-year property 1Elective method 2See section 168(g)(6) of the Internal Revenue  Code Property used in farming business. Mypay dfas mil mypay   For personal property placed in service after 1988 in a farming business, you must use the 150% declining balance method over a GDS recovery period or you can elect one of the following methods. Mypay dfas mil mypay The straight line method over a GDS recovery period. Mypay dfas mil mypay The straight line method over an ADS recovery period. Mypay dfas mil mypay For property placed in service before 1999, you could have elected to use the 150% declining balance method using the ADS recovery periods for certain property classes. Mypay dfas mil mypay If you made this election, continue to use the same method and recovery period for that property. Mypay dfas mil mypay Real property. Mypay dfas mil mypay   You can depreciate real property using the straight line method under either GDS or ADS. Mypay dfas mil mypay Switching to straight line. Mypay dfas mil mypay   If you use a declining balance method, you switch to the straight line method in the year it provides an equal or greater deduction. Mypay dfas mil mypay If you use the MACRS percentage tables, discussed later under How Is the Depreciation Deduction Figured , you do not need to determine in which year your deduction is greater using the straight line method. Mypay dfas mil mypay The tables have the switch to the straight line method built into their rates. Mypay dfas mil mypay Fruit or nut trees and vines. Mypay dfas mil mypay   Depreciate trees and vines bearing fruit or nuts under GDS using the straight line method over a 10-year recovery period. Mypay dfas mil mypay ADS required for some farmers. Mypay dfas mil mypay   If you elect not to apply the uniform capitalization rules to any plant shown in Table 6-1 of chapter 6 and produced in your farming business, you must use ADS for all property you place in service in any year the election is in effect. Mypay dfas mil mypay See chapter 6 for a discussion of the application of the uniform capitalization rules to farm property. Mypay dfas mil mypay Electing a different method. Mypay dfas mil mypay   As shown in the Depreciation Table , you can elect a different method for depreciation for certain types of property. Mypay dfas mil mypay You must make the election by the due date of the return (including extensions) for the year you placed the property in service. Mypay dfas mil mypay However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of your return (excluding extensions). Mypay dfas mil mypay Attach the election to the amended return and write “Filed pursuant to section 301. Mypay dfas mil mypay 9100-2” on the election statement. Mypay dfas mil mypay File the amended return at the same address you filed the original return. Mypay dfas mil mypay Once you make the election, you cannot change it. Mypay dfas mil mypay    If you elect to use a different method for one item in a property class, you must apply the same method to all property in that class placed in service during the year of the election. Mypay dfas mil mypay However, you can make the election on a property-by-property basis for residential rental and nonresidential real property. Mypay dfas mil mypay Straight line election. Mypay dfas mil mypay   Instead of using the declining balance method, you can elect to use the straight line method over the GDS recovery period. Mypay dfas mil mypay Make the election by entering “S/L” under column (f) in Part III of Form 4562. Mypay dfas mil mypay ADS election. Mypay dfas mil mypay   As explained earlier under Which Depreciation System (GDS or ADS) Applies , you can elect to use ADS even though your property may come under GDS. Mypay dfas mil mypay ADS uses the straight line method of depreciation over the ADS recovery periods, which are generally longer than the GDS recovery periods. Mypay dfas mil mypay The ADS recovery periods for many assets used in the business of farming are listed in Table 7–1. Mypay dfas mil mypay Additional ADS recovery periods for other classes of property may be found in the Table of Class Lives and Recovery Periods in Appendix B of Publication 946. Mypay dfas mil mypay How Is the Depreciation Deduction Figured? To figure your depreciation deduction under MACRS, you first determine the depreciation system, property class, placed-in-service date, basis amount, recovery period, convention, and depreciation method that applies to your property. Mypay dfas mil mypay Then you are ready to figure your depreciation deduction. Mypay dfas mil mypay You can figure it in one of two ways. Mypay dfas mil mypay You can use the percentage tables provided by the IRS. Mypay dfas mil mypay You can figure your own deduction without using the tables. Mypay dfas mil mypay Figuring your own MACRS deduction will generally result in a slightly different amount than using the tables. Mypay dfas mil mypay Using the MACRS Percentage Tables To help you figure your deduction under MACRS, the IRS has established percentage tables that incorporate the applicable convention and depreciation method. Mypay dfas mil mypay These percentage tables are in Appendix A of Publication 946. Mypay dfas mil mypay Rules for using the tables. Mypay dfas mil mypay   The following rules cover the use of the percentage tables. Mypay dfas mil mypay You must apply the rates in the percentage tables to your property's unadjusted basis. Mypay dfas mil mypay Unadjusted basis is the same basis amount you would use to figure gain on a sale but figured without reducing your original basis by any MACRS depreciation taken in earlier years. Mypay dfas mil mypay You cannot use the percentage tables for a short tax year. Mypay dfas mil mypay See chapter 4 of Publication 946 for information on how to figure the deduction for a short tax year. Mypay dfas mil mypay You generally must continue to use them for the entire recovery period of the property. Mypay dfas mil mypay You must stop using the tables if you adjust the basis of the property for any reason other than— Depreciation allowed or allowable, or An addition or improvement to the property, which is depreciated as a separate property. Mypay dfas mil mypay Basis adjustment due to casualty loss. Mypay dfas mil mypay   If you reduce the basis of your property because of a casualty, you cannot continue to use the percentage tables. Mypay dfas mil mypay For the year of the adjustment and the remaining recovery period, you must figure the depreciation yourself using the property's adjusted basis at the end of the year. Mypay dfas mil mypay See Figuring the Deduction Without Using the Tables in chapter 4 of Publication 946. Mypay dfas mil mypay Figuring depreciation using the 150% DB method and half-year convention. Mypay dfas mil mypay    Table 7-2 has the percentages for 3-, 5-, 7-, and 20-year property. Mypay dfas mil mypay The percentages are based on the 150% declining balance method with a change to the straight line method. Mypay dfas mil mypay This table covers only the half-year convention and the first 8 years for 20-year property. Mypay dfas mil mypay See Appendix A in Publication 946 for complete MACRS tables, including tables for the mid-quarter and mid-month convention. Mypay dfas mil mypay   The following examples show how to figure depreciation under MACRS using the percentages in Table 7-2 . Mypay dfas mil mypay Example 1. Mypay dfas mil mypay During the year, you bought an item of 7-year property for $10,000 and placed it in service. Mypay dfas mil mypay You do not elect a section 179 expense deduction for this property. Mypay dfas mil mypay In addition, the property is not qualified property for purposes of the special depreciation allowance. Mypay dfas mil mypay The unadjusted basis of the property is $10,000. Mypay dfas mil mypay You use the percentages in Table 7-2 to figure your deduction. Mypay dfas mil mypay Since this is 7-year property, you multiply $10,000 by 10. Mypay dfas mil mypay 71% to get this year's depreciation of $1,071. Mypay dfas mil mypay For next year, your depreciation will be $1,913 ($10,000 × 19. Mypay dfas mil mypay 13%). Mypay dfas mil mypay Example 2. Mypay dfas mil mypay You had a barn constructed on your farm at a cost of $20,000. Mypay dfas mil mypay You placed the barn in service this year. Mypay dfas mil mypay You elect not to claim the special depreciation allowance. Mypay dfas mil mypay The barn is 20-year property and you use the table percentages to figure your deduction. Mypay dfas mil mypay You figure this year's depreciation by multiplying $20,000 (unadjusted basis) by 3. Mypay dfas mil mypay 75% to get $750. Mypay dfas mil mypay For next year, your depreciation will be $1,443. Mypay dfas mil mypay 80 ($20,000 × 7. Mypay dfas mil mypay 219%). Mypay dfas mil mypay Table 7-2. Mypay dfas mil mypay 150% Declining Balance Method (Half-Year Convention) Year 3-Year 5-Year 7-Year 20-Year 1 25. Mypay dfas mil mypay 0 % 15. Mypay dfas mil mypay 00 % 10. Mypay dfas mil mypay 71 % 3. Mypay dfas mil mypay 750 % 2 37. Mypay dfas mil mypay 5   25. Mypay dfas mil mypay 50   19. Mypay dfas mil mypay 13   7. Mypay dfas mil mypay 219   3 25. Mypay dfas mil mypay 0   17. Mypay dfas mil mypay 85   15. Mypay dfas mil mypay 03   6. Mypay dfas mil mypay 677   4 12. Mypay dfas mil mypay 5   16. Mypay dfas mil mypay 66   12. Mypay dfas mil mypay 25   6. Mypay dfas mil mypay 177   5     16. Mypay dfas mil mypay 66   12. Mypay dfas mil mypay 25   5. Mypay dfas mil mypay 713   6     8. Mypay dfas mil mypay 33   12. Mypay dfas mil mypay 25   5. Mypay dfas mil mypay 285   7         12. Mypay dfas mil mypay 25   4. Mypay dfas mil mypay 888   8         6. Mypay dfas mil mypay 13   4. Mypay dfas mil mypay 522   Figuring depreciation using the straight line method and half-year convention. Mypay dfas mil mypay   The following table has the straight line percentages for 3-, 5-, 7-, and 20-year property using the half-year convention. Mypay dfas mil mypay The table covers only the first 8 years for 20-year property. Mypay dfas mil mypay See Appendix A in Publication 946 for complete MACRS tables, including tables for the mid-quarter and mid-month convention. Mypay dfas mil mypay Table 7-3. Mypay dfas mil mypay Straight Line Method (Half-Year Convention) Year 3-Year 5-Year 7-Year 20-Year 1 16. Mypay dfas mil mypay 67 % 10 % 7. Mypay dfas mil mypay 14 % 2. Mypay dfas mil mypay 5 % 2 33. Mypay dfas mil mypay 33   20   14. Mypay dfas mil mypay 29   5. Mypay dfas mil mypay 0   3 33. Mypay dfas mil mypay 33   20   14. Mypay dfas mil mypay 29   5. Mypay dfas mil mypay 0   4 16. Mypay dfas mil mypay 67   20   14. Mypay dfas mil mypay 28   5. Mypay dfas mil mypay 0   5     20   14. Mypay dfas mil mypay 29   5. Mypay dfas mil mypay 0   6     10   14. Mypay dfas mil mypay 28   5. Mypay dfas mil mypay 0   7         14. Mypay dfas mil mypay 29   5. Mypay dfas mil mypay 0   8         7. Mypay dfas mil mypay 14   5. Mypay dfas mil mypay 0