TVPX 1031 Depreciation Solution is an extremely easy way to calculate Federal and book depreciation. All depreciation and amortization methods required for federal tax reporting are included in an easy to use calculator format. By filling in a few simple fields, the user can quickly determine the depreciation schedule for a new asset.

Calculate the adjusted tax basis of replacement property purchased as part of a Like-Kind Exchange under IRC Section 1031.

A formal depreciation schedule can be printed. Half-year, mid-quarter, and mid-month conventions are provided.

Depreciation is generated using IRS tax tables.

This is an ideal application for a CPA, or anyone doing tax schedule 4562, justify capital purchases, or manually booking depreciation.

New maximum automobile amounts can be input to stay current with changing tax regulations.

Additionally, the 30% bonus depreciation allowed by the Job Creation and Worker Assistance Act of 2002 is also included.