This Resource Guide will answer all of your questions about this deduction, including:

• What property qualifies for either the 50% or the 100% deduction?

• What basis do I use to calculate the deduction?

• How does the new deduction affect the AMT depreciation adjustment?

• Is the deduction mandatory?

• Can I choose which assets I want to claim it on?

• Does a short tax year affect its calculation?

• How is the 40% test for the mid-quarter convention affected by it?

• Is it applied any differently to listed property?