X hits on this document

45 views

0 shares

0 downloads

0 comments

8 / 15

  • -

    8-

3rd Tax Year Each Succeeding Year

$ 2,950 $ 1,775

REV. PROC. 2011-21 TABLE 4

DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY

Tax Year

Amount

1st Tax Year

$ 3,260

2nd Tax Year

$ 5,200

3rd Tax Year

$ 3,150

Each Succeeding Year

$ 1,875

.02 Inclusions in Income of Lessees of Passenger Automobiles. A taxpayer must follow the procedures in § 1.280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2011. In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure, while lessees of trucks and vans should use Table 6 of this revenue procedure.

REV. PROC. 2011-21 TABLE 5

DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2011

Fair Market Value of Passenger Automobile

Tax Year During Lease

Over

Not Over

1st

2nd

3rd

4th

5th & later

$ 18,500

$ 19,000

19,000

19,500

19,500

20,000

20,000

20,500

20,500

21,000

21,000

21,500

21,500

22,000

22,000

23,000

23,000

24,000

3

8

11

13

16

4

9

13

15

18

4

10

15

17

20

5

11

16

19

23

5

12

18

21

25

6

13

19

24

26

6

14

21

26

29

7

16

23

29

32

8

18

27

32

37

Document info
Document views45
Page views45
Page last viewedSat Dec 10 20:44:13 UTC 2016
Pages15
Paragraphs1366
Words3727

Comments