EdNay2458
Returning Member

Schedule C - line 13 -- Depreciation and section 179 expense deduction. Question about Form 4562 and Maryland's 500DM

Help please! A little background first.  My tax preparer claimed the depreciation deduction for the first time in 2018 on my Schedule C line 13 and completed Form 4562 with a recovery period of 5 years.  Unfortunately he didn't claim the deduction in 2019 so now I'm amending my 2019 1040 return to claim it on Schedule C.  

 

First question, do I need to file form 4562 again?  Secondly, do I also need to file Maryland's form 500DM?

If so it's unclear to me specifically what values I'm to enter for the 500DM form.

 

Thanks for your response.