Only complete this item if the trust is a small business entity using the simplified depreciation rules.
To complete this item, use the amounts calculated for small business entity depreciation deductions at K item 5:
- deduction for low-cost assets (less than $1,000), show at A the total amount claimed relating to low-cost assets
- deduction for general pool assets (less than 25 years), show at B the total amount claimed relating to the general small business pool
- deduction for long-life pool assets (25 years or more), show at C the total amount claimed relating to the long life small business pool.
Only put the depreciation deduction in the three small business entity depreciating asset entries, and not the pool balance.