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After you file
Form 4562 should be part of your return each and every year depreciation is claimed.
Please look at your prior year Schedule E line 18. Have you been claiming depreciation on the rental?
“File Form 4562 with your individual or business tax return for any year you are claiming a depreciation deduction or making a Section 179 election. When you claim depreciation, it’s incredibly important that you retain copies of all 4562's and depreciation schedules so you can track your prior deductions and claim the appropriate amount in future years.”
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February 27, 2024
6:01 PM