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Form Instructions 4562 online LA: What You Should Know
In general, the depreciation allowance for that property must be the same value for each year that you're claiming depreciation or amortizing the same amount of property. The California depreciation law lets a business deduct the value of the property for use in: • a period of continuous business for a minimum of two years • at least six months in a taxable year As a general rule, if you're claiming a deduction on the business year that started on any day other than the day of purchase, it's not a tax deduction. For example, suppose you bought property in June 2025 and started depreciating the property on July 1, 2018, the same day you bought your property. Although the deduction is allowable on July 1, 2018, the business can't take the 25,000 deduction until you've had continuous use of the property for six months. Business Continues An exception to the six-month requirement is if you begin the business during the tax year and finish during the taxable year. For example, if you buy property that you operate for one year in a taxable year, you can use the two-year requirement to depreciate the property if you're running your business at the end of the tax year. If you start your business during the taxable year and don't finish it by the last day for filing your tax return, you'll have to wait nine months before you can depreciate the remaining property.
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