Investors & landlords

Where do you think you don't have to form 4562 for any other year??  

 

Turbotax Says

Filing Form 4562

File Form 4562 with your individual or business tax return for any year you are claiming a depreciation deduction or making a Section 179 election. When you claim depreciation, it’s incredibly important that you retain copies of all 4562's so you can track your prior deductions and claim the appropriate amount in future years.

When you use TurboTax to do your taxes, we’ll ask questions about your business and help you determine which assets you can depreciate, and how much you can deduct for each. We’ll also fill in all the right forms for you. Better still, when you use TurboTax every year, we’ll keep track of all the assets you’ve already been depreciating, so you can accurately track and report multi-year depreciation.