You may have to recapture the section 179 deduction if, in any year during the property's recovery period, the percentage of business use drops to 50% or less. In the year the business use drops to 50% or less, you include the recapture amount as ordinary income in Part IV of Form 4797.ou elect to take the section 179 deduction by completing Part I of Form 4562. If you elect the deduction for listed property (described in chapter 5), complete Part V of Form 4562 before completing Part I. For property placed in service in 2014, file Form 4562 with either of the following.
Happy First Day of Summer! Summer solstice is the longest day of the year. This doesn't mean our day has more than 24 hours in it - we just have more sunlight than any other day. On the summer solstice we get between 15 and 20 hours of sunlight, depending on where you're located in the world.
Scroll right to see more. December Solstice (Winter Solstice) is on Wednesday, December 21, 2016 at 5:44 AM in New York. This day is 5 hours, 50 minutes shorter than on June Solstice. In most locations north of Equator, the shortest day of the year is around this date. Earliest sunset is on December 7.