Hi Carl,
Thank you for the details.
> you will be asked for prior year's depreciation
Yes, I have worked through the “Assets/depreciation section” from Rental Property based on the past two years' 4562 documents.
On “Confirm your prior Depreciation” section, “Amount of Depreciation taken in Prior Years”: I looked at both depreciation numbers for the first year 2016’s-and, 2017’s, then entered the total amount “$136,424”.
On “Asset Summary” section, came out the correct estimated expense for this year, meaning the same amount from the second year(2017) on. (based on 27.5 yr SL/MM method)
Then that’s it. All answered, but I see no 4562 form.
>HI State,…you sill have to work it through the program….
Yes, I have worked through all correctly for HI. There is no changes, no extra addition. Quite simple.
I looked at files from “Print” section and Still no 4562 form…
Now, you said,
>Then when you print the state return, the HI form F4562 will be generated with that, if it's necessary to file that form with the state.
So, am I correct that TTx does not generate F4562, because it is not necessary for us because there was no changes/improvements etc made to this asset since 2017 and the depreciation amount is the same?
