The number of assets which TaxAct supports is as follows:

• TaxAct supports 1,000 MACRS assets and 1,000 ACRS assets (ACRS assets are pre-1987 assets, such as residential rental property).
• TaxAct supports up to eight Schedule Cs for e-filing. The number of depreciable assets on Schedule C (Form 1040) Profit or Loss From Business are not limited except as explained below.
• TaxAct allows 42 vehicles (Cars and Light/Trucks) for e-filing and printing per Form 4562 Depreciation and Amortization.
• TaxAct allows 52 listed assets with greater than 50% business use, and 52 listed assets with 50% or less business use. Listed property generally refers to property that could be used for personal and business purposes – such as cars, light trucks, computers, etc.

For electronic filing purposes:

• 40 NEW assets are allowed in EACH class of property reported on Line 19 of Form 4562: 3-year, 5-year, 7-year, 10-year, 15-year, 20-year, 25-year.
• For NEW assets in the 27.5- and 39-year life categories, the maximum is 15 for e-filing per Form 4562.
• For NEW assets in the ADS (Section C, 20a – 20c), the maximum is six for e-filing per Form 4562.
• For NEW assets in the Section 179 category, the limit is 50 assets for e-filing.
• NEW means brand new and placed in service in current tax year per Form 4562.