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Business & farm
Section B on Form 4562 is used to report the depreciation on assets entered into service in the current year. If your rental property was put into service in a prior year, it won't show in section B, it would be reported on line 17 of Form 4562, for assets put into service in prior years. You would need to enter an asset in the asset/depreciation section you will see on the screen that says Review Your (name of company) Rental Summary:

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March 11, 2024
3:16 PM
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