To generate Form 4562, you'll need to enter the cost of your farm assets under the Assets/Depreciation topic in TurboTax.
The easiest way to find this area of TurboTax Desktop is to use the Search box at the top right side of the TurboTax header. Enter "farm income" and click on the first result. This will take you directly to the start of this section.
If you have already entered some information for your farm, click edit on that line. Or begin entering your farm information.
Work through the screens until you see either "Farm Asset Summary" or Assets/Depreciation. Add an asset by answering the questions. TurboTax will calculate depreciation for you.
Continue back to the start of the Farming section.
If you have Schedule C (self-employment) assets and not a farm, search for "schedule c" and follow the same basic steps.
To view Form 4562 or your Depreciation Report, click the Forms icon in the TurboTax header. Find the form or report in the left column and click on the form name to open it in the large window.
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