SUNSHINE S CORPORATION - Drake Software Support

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Form4562Department of the TreasuryInternal Revenue Service (99)Name(s) shown on returnDepreciation and Amortization(Including Information on Listed Property)See separate instructions. Attach to your tax return.Business or activity to which this form relates2013SUNSHINE S CORPORATION FORM 1120S 40-0005013Part I Election To Expense Certain Property Under Section 179Note: If you have any listed property, complete Part V before you complete Part I.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Maximum amount (see instructions)12 Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . . . . . . . . 23 Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . . . . . . 34 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . 45 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filingseparately, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56(a) Description of property (b) Cost (business use only) (c) Elected costOMB No. 1545-0172AttachmentSequence No.Identifying number1797 Listed property. Enter the amount from line 2978 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 789 Tentative deduction. Enter the smaller of line 5 or line 8910 Carryover of disallowed deduction from line 13 of your 2012 Form 45621011 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions) 1112 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 111213 Carryover of disallowed deduction to 2014. Add lines 9 and 10, less line 1213Note: Do not use Part II or Part III below for listed property. Instead, use Part V.Part II14Part IIIPart IVSpecial Depreciation Allowance and Other Depreciation15 Property subject to section 168(f)(1) election1516 Other depreciation (including ACRS)16MACRS DepreciationSummarySection A17 MACRS deductions for assets placed in service in tax years beginning before 2013171819abcdefghi20abc21 Listed property. Enter amount from line 28212223Special depreciation allowance for qualified property (other than listed property) placed in serviceduring the tax year (see instructions)For Paperwork Reduction Act Notice, see separate instructions.EEA(Do not include listed property.) (See instructions.)If you are electing to group any assets placed in service during the tax year into one or more generalasset accounts, check here(Do not include listed property.) (See instructions.)Section B - Assets Placed in Service During 2013 Tax Year Using the General Depreciation System(b) Month and year (c) Basis for depreciation(d) Recovery(a) Classification of property placed in (business/investment use(e) Convention (f) Method (g) Depreciation deductionservice only-see instructions)period3-year property5-year property7-year property10-year property15-year property20-year property25-year property 25 yrs. S/LResidential rental 27.5 yrs. MM S/Lproperty 27.5 yrs. MM S/LNonresidential real 39 yrs. MM S/Lproperty MM S/LSection C - Assets Placed in Service During 2013 Tax Year Using the Alternative Depreciation SystemClass lifeS/L12-year 12 yrs. S/L40-year 40 yrs. MM S/L(See instructions.)Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enterhere and on the appropriate lines of your return. Partnerships and S corporations - see instructionsFor assets shown above and placed in service during the current year, enter theportion of the basis attributable to section 263A costs. . . . . . . . . . . . . . . .. . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . .. . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . .. .14222,6001,2503,3817,23123Form 4562 (2013)
Form 4562 (2013) Page 2Part V Listed Property (Include automobiles, certain other vehicles, certain computers, and property used forentertainment, recreation, or amusement.)24a Do you have evidence to support the business/investment use claimed?Yes No 24b If "Yes," is the evidence written? Yes No25262728 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 12829 Add amounts in column (i), line 26. Enter here and on line 7, page 1 . . . . . . . . . . . . . . . . . . . . . . . . . 29Section B - Information on Use of Vehicles34 Was the vehicle available for personalYes No Yes No Yes No Yes No Yes No Yes Nouse during off-duty hours? . . . . . . . . . . .35 Was the vehicle used primarily by a morethan 5% owner or related person? . . . . .36 Is another vehicle available for personal use?Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, byYes Noyour employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by youremployees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners . . . . . . . . . .39 Do you treat all use of vehicles by employees as personal use? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40 Do you provide more than five vehicles to your employees, obtain information from your employees about theuse of the vehicles, and retain the information received? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41 Do you meet the requirements concerning qualified automobile demonstration use? (See instructions.) . . . . . . . . . . . .Note: If your answer to 37, 38, 39, 40, or 41 is "Yes," do not complete Section B for the covered vehicles.Part VISUNSHINE S CORPORATION 40-0005013Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a,24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable.Section A - Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.)(c) (e) (i)(a) (b) (d) (f) (g) (h)Business/Basis for depreciationType of property (list Date placed Cost or other basis Recovery Method/ Depreciation Elected section 179investment use(business/investmentvehicles first) in service period Convention deduction costpercentageuse only)Special depreciation allowance for qualified listed property placed in service duringthe tax year and used more than 50% in a qualified business use (see instructions)Property used more than 50% in a qualified business use:%%%Property used 50% or less in a qualified business use:% S/L-% S/L-% S/L-Complete this section for vehicles used by a sole proprietor, partner, or other "more than 5% owner," or related person. If you provided vehiclesto your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.30 Total business/investment miles driven duringthe year (do not include commuting miles)31 Total commuting miles driven during the year32 Total other personal (noncommuting)miles driven33 Total miles driven during the year. Addlines 30 through 32. . . . . . . . . . . . . . . .Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are notmore than 5% owners or related persons (see instructions).Amortization. . . . . . . . . . . ... . . . . . . . . .TRUCK 04132009100.0 66,000 66,000 5 200 DB-HY 1,775Automobile 01012010100.0 25,000 13,940 5 200 DB-HY 1,606. . . . . . . . . .(a) (b) (c) (d) (e) (f)Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6253,38142(b) (c) (d) (e)(f)(a)AmortizationDate amortization Amortizable amount Code section Amortization for this yearDescription of costsperiod orbeginspercentageAmortization of costs that begins during your 2013 tax year (see instructions):43 Amortization of costs that began before your 2013 tax year4344 Total. Add amounts in column (f). See the instructions for where to report44EEA. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . .Form 4562 (2013)
Page 1 and 2: SignHere1120SPaidPreparerUse OnlyU.
Page 3 and 4: SUNSHINE S CORPORATION 40-0005013Sc
Page 5 and 6: 1125A 001Form1125-A Cost of Goods S
Page 7 and 8: Schedule K-1 (Form 1120S) 2013This
Page 9 and 10: Allocation of Losses and Deductions
Page 21: Allocation of Losses and Deductions
Page 25 and 26: Shareholder's nameSchedule K-1 Dist
Page 27 and 28: Shareholder's nameSchedule K-1 Dist
Page 29 and 30: Schedule M-1SUNSHINE S CORPORATION
Page 31 and 32: Summary of Stock Ownership2013CORPO
Page 33 and 34: Taxes and Licenses AttachmentNote:
Page 35 and 36: Form 1120SSchedule M-2/Retained Ear

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