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Returning Member
posted Mar 15, 2021 1:32:33 PM

Form 4562

0 2 160
2 Replies
Expert Alumni
Mar 15, 2021 1:44:33 PM

What is your question regarding Form 4562?   Not sure if your question was cut-off or you did not include one.   The form is available for federal returns at this time.   Use Form 4562 to:

 

  • Claim your deduction for depreciation and amortization.
  • Make the election under section 179 to expense certain property.
  • Provide information on the business/investment use of automobiles and other listed property.

Returning Member
Mar 15, 2021 2:05:34 PM

Yes, I am sorry. It seems I am having trouble with this site. I am working on form 4562 and had someone helping me with the form. Last year I entered 132,916 in line 2 and not sure where I got that number from. I have a small home business and I purchased 2 vehicles last year. Can you help me out with this form?