I just filed my 2019 Federal Tax Return & real...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

I just filed my 2019 Federal Tax Return & realized Form 4562 Line 5 is blank. It's supposed to subtract Line 4 from Line 1 which = $1,020,000. What should I do?

 
3 Replies
Employee Tax Expert

I just filed my 2019 Federal Tax Return & realized Form 4562 Line 5 is blank. It's supposed to subtract Line 4 from Line 1 which = $1,020,000. What should I do?

Do you have Section 179 deductions reported on line 2 and detailed on line 6?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
New Member

I just filed my 2019 Federal Tax Return & realized Form 4562 Line 5 is blank. It's supposed to subtract Line 4 from Line 1 which = $1,020,000. What should I do?

No I do not have Section 179 deductions reported on line 2 and detailed on line 6

Expert Alumni

I just filed my 2019 Federal Tax Return & realized Form 4562 Line 5 is blank. It's supposed to subtract Line 4 from Line 1 which = $1,020,000. What should I do?

Form 4562 won't print if you haven't placed new assets in service during the tax year. For example, you placed new assets in service last year and Form 4562 was included with your return. Form 4562 won't print out if no new assets were placed in service this year.

TurboTax only prints the forms and schedules that the IRS requires to be filed. 

Please see the TurboTax Help article Why are some IRS forms missing when I print my return for filing?for more information.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic Ads
v
Privacy Settings