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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.
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‎January 13, 2023
2:21 PM