Need8601
Returning Member

Investors & landlords

@view2 You said "Generally the Form 4562 is generated for a new asset placed in service for the tax year".  I thought "a new asset" means a property becomes a rental property for the first time in a tax year, thus "a new asset".  Did I understand "a new asset" incorrectly?

I used "Turbotax 2016 Premier" CD for Windows and did my tax return on Windows 10.  I followed your steps (Thank You) and got "Asset Life History".  But on "Forms in My Return", there is no item "Form 4562" under "Schedule E Wks" as there are only 4 items "AMT Report", "Asset Wks", "Depre Report" and "Sch E 2 Yr Comp".  On the contrary, my 2015 return using "TurboTax 2015 Premier" CD for Windows 10 has the above 4 items plus item "Form 4562".  Is the missing item "Form 4562" for 2016 return due to the fact that the rental property was unrented for more than 3 months in 2016?  Thank you for your help.