For assets qualifying for 100% bonus no entry is required unless code 6 is used for NY/NYC purposes..
Codes 2, 3, 4, 7 ,8, 9, 11, 13, 16 and 17 are NOT valid for assets placed in service in 2019. These codes are for prior-year assets only.
Enter code "1" for assets that do not qualify for bonus depreciation. An AMT adjustment will be calculated for applicable assets.
If using code "12" for cellulosic biofuel plant property, the date in service must by after 10/3/08.
Enter code "14" if the asset qualifies for the 50% disaster area disaster as provided by HR 1424. Code "14" also designates the asset as qualifying for the increased 179 limits of Form 4562, lines 1 and 3.
Enter code "18" if electing out of bonus depreciation. No AMT adjustment will be calculated for assets placed in service after 12/31/2015.
The following are the qualifying options for this box:
| Code | Description |
|---|---|
| Default | Section 168(k) - 100% |
| 1 | Not qualifying for Section 168(k) depreciation - AMT depreciation adjustment calculated |
| 2 | New York Liberty Zone property (Pre-2010 only) |
| 3 | NYC 168(k) property in Resurgence Zone - 30% (Pre-2007 only) |
| 4 | Leasehold Section 168(k) - 30% (Pre-2007 only) |
| 5 | Section 168(k) - 30% |
| 6 | NYC 168(k) property in Resurgence Zone - 100% |
| 7 | Leasehold Section 168(k) - 50% (Pre-2007 only) |
| 8 | Pollution control facilities Section 168(k) - 30% (Pre-2007 only) |
| 9 | Pollution control facilities Section 168(k) - 50% (Pre-2007 only) |
| 10 | Force Section 168(k) - 100% |
| 11 | Gulf Opportunity Zone (GO Zone) property (Pre-2012 only) |
| 12 | Cellulosic Biomass property |
| 13 | Kansas Disaster Area property (Pre-2010 only) |
| 14 | Qualifying Other Disaster Area property |
| 15 | Reuse and Recycling property |
| 16 | Force Section 168(k) - 50% (Pre-2019) |
| 17 | Qualified improvements Section 168(k) property - 50% (Pre-2018 only) |
| 18 | Opting out of Section 168(k) Depreciation - No AMT depreciation adjustment calculated |
| 19 | Force Section 168(k) - 40% |
Valid codes for these
| 100% Section 168(k) (Default) | |
| 1 | Not qualifying for Sec. 168(k) Depr. - AMT Depr. Adj. Calculated |
| 5 | Force Section 168(k) - 30% |
| 6 | 168(k) in Resurgence Zone |
| 10 | Force Section 168(k) - 100% |
| 12 | Cellulosic biomass property |
| 14 | Other disaster area property |
| 15 | Reuse and recycling property |
| 18 | Opting out of Sec. 168(k) Depr. - No AMT Depr. Adj. Calculated |
| 19 | Force Section 168(k) - 40% |
| FOLLOWING CODES ARE PRE-2018 ASSETS ONLY | |
| 2 | New York Liberty Zone property |
| 3 | NY/NYC 168(k) in Resurgence Zone - 30% |
| 4 | Leasehold Section 168(k) property - 30% |
| 7 | Leasehold Section 168(k) property - 50% |
| 8 | Pollution control fac. Sec. 168(k) - 30% |
| 9 | Pollution control fac. Sec. 168(k) - 50% |
| 11 | Gulf Opportunity Zone property |
| 13 | KS disaster property |
| 16 | Force Section 168(k) - 50% |
| 17 | Qualified Improvements Sec. 168(k) property |
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