Auto Number

This field is used to identify listed property assets as automobiles. Enter a one or two digit number. When an entry is made in the "Auto Number" field and/or an entry of "A" is made for the "Listed Property Code" the asset will be treated as an auto and the luxury automobile limitations will be applied to the asset based on the date placed in service. The auto number entered prints on Form 4562, Page 2.

An entry of "X" or "N" in the "Listed Property Code" box in conjunction with an entry in the "Auto Number" field will not apply the luxury auto limitations but the mileage information will print on Form 4562, page 2.

An entry in the "Auto Number" field without an entry in the "Listed Property Code" field will default to the application of the luxury auto limitations.

Listed below are the luxury auto limitations applied:

For automobiles placed in service after June 18, 1984 and before January 1, 1985, current year depreciation is limited to $6,000.
For automobiles placed in service after December 31, 1984 and before April 3, 1985, current year depreciation is limited to $6,200.
For automobiles placed in service after April 2, 1985 and before January 1, 1987, current year depreciation is limited to $4,800.
For automobiles placed in service after December 31, 1986 and before January 1, 1991, current year depreciation is limited to $1,475.
For automobiles placed in service after December 31, 1990 and before January 1, 1993, current year depreciation is limited to $ 1,575.
For automobiles placed in service after December 31, 1992 and before January 1, 1995, current year depreciation is limited to $1,675.
For automobiles placed in service after December 31, 1994 and before January 1, 2004, current year depreciation is limited to $1,775.
For automobiles placed in service after December 31, 2003 and before January 1, 2006, current year deprecation is limited to $1,675.
For automobiles placed in service after December 31, 2005 and before January 1, 2007, the deprecation is limited to $2960 in the first year, $4,800 in the second year, $2850 in the third year, and $1,775 in each succeeding year.
For automobiles placed in service after December 31, 2006 and before January 1, 2008, the deprecation is limited to $3060 in the first year, $4,900 in the second year, $2850 in the third year, and $1,775 in each succeeding year.
For automobiles placed in service after December 31, 2007 and before January 1, 2010, the depreciation, including Section 179 expense, is limited to $2960 in the first year, $4,800 in the second year, $2850 in the third year, and $1,775 in each succeeding year. For automobiles qualifying under the Economic Stimulus Act of 2008, the first year limit is $10,960.
For automobiles placed in service after December 31, 2009 and before January 1, 2012, the deprecation is limited to $3060 in the first year, $4,900 in the second year, $2950 in the third year, and $1,775 in each succeeding year. For automobiles qualifying for bonus depreciation, the first year limit is $11,060.
For automobiles placed in service after December 31, 2011 and before January 1, 2018, the depreciation, including Section 179 expense, is limited to $3160 in the first year, $5,100 in the second year, $3050 in the third year, and $1,875 in each succeeding year. For automobiles qualifying for bonus depreciation, the first year limit is $11,160.
For automobiles placed in service after December 31, 2017 and before January 1, 2019, the depreciation, including Section 179 expense, is limited to $10,000 in the first year, $16,000 in the second year, $9,600 in the third year, and $5,760 in each succeeding year. For automobiles qualifying for bonus depreciation, the first year limit is $18,000.
For automobiles placed in service after December 31, 2018 and before January 1, 2021, the depreciation, including Section 179 expense, is limited to $10,100 in the first year, $16,100 in the second year, $9,700 in the third year, and $5,760 in each succeeding year. For automobiles qualifying for bonus depreciation, the first year limit is $18,100.
For automobiles placed in service after December 31, 2020 and before January 1, 2022, the depreciation, including Section 179 expense, is limited to $10,200 in the first year, $16,400 in the second year, $9,800 in the third year, and $5,860 in each succeeding year. For automobiles qualifying for bonus depreciation, the first year limit is $18,200.