Investors & landlords
Form 4562 is used to report depreciation on business property. For the 2 properties that don't have Form 4562, it could mean that those 2 rental properties have only fully depreciated property or you haven't set up any property to be depreciated. So it could be correct.
Go back to your asset summary for those 2 properties and make sure you went through the all the assets on your Asset Summary.
Use Form 4562 to:
- Claim your deduction for depreciation and amortization.
- Make the election under section 179 to expense certain property.
- Provide information on the business/investment use of automobiles and other listed property.
