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Business & farm
Weather the program determines if a 4562 has to be filed or not with your return really doesn't matter. What does matter is that you retain the depreciation history, because it will matter in the future when you sell or otherwise dispose of the property.
Reminder: To get the "correct" amount of prior years depreciation to enter in the 2020 tax return, on the 2019 form 4562 add together the amounts in the prior year depr column and the current year depr column. That total will be what you enter in the 2020 program as your prior year's depreciation already taken.
‎April 23, 2021
1:48 PM