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Investors & landlords
There is one 4562 that gets filed with the tax return. That one prints in portrait format. It's only filed in the first year, and any other year where something changes on any of the other 4562's for a rental property. Only the change really needs to be reflected, and only for the property where the change occurred.
For the other 4562's, there are two for each rental property and they both print in landscape format. These two have the "details" of each asset for a specific property and never get filed with any tax return.
The total amount of depreciation for all properties is reflected on line 23d of the SCH E.
March 25, 2021
12:32 PM