Tax Form 8866  
Form 8866 - Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast Method

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Form 8866

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Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast Method. Form 8866


Use Form 8866, Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast Method, to:

  

-- to figure the interest due or to be refunded under the look-back method of section 167(g)(2) for property placed in service after September 13, 1995, that is depreciated under the income forecast method as described in section 167(g).

The income forecast method generally is limited to depreciation of:

  • Motion picture films,
  • Video tapes,
  • Sound recordings,
  • Copyrights,
  • Books, and
  • Patents.

 


From Fedforms.Gov:
"Taxpayers who depreciated certain property using the income forecast method (generally limited to motion picture films, video tapes, sound recordings, copyrights, books and patents) use Form 8866 to figure the interest due or to be refunded under the look-back method."


DOWNLOAD Form 8866

This form may be downloaded directly from the IRS website. To open or download, in PDF format, simply click on the link below:

Form 8866

 



 

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