4562 Depreciation form - 481a adjustment

[sunnyside8989]

I purchased a rental property in 2022 and took straight line depreciation in 2022 and 2023. In 2024 I did a cost segregation study on the property and 481a adjustment for me to catch up depreciation is round 70k. I was advised to put my 481a adjustment into Schedule E Line 19 Other Expenses and Label as "481a adjustment" as well as filing form 3115. However, I am wondering if I still need to fill out form 4562 and breakdown my asset into 3 line items of 5 years, 15 years and 27.5years to reflect new accounting method (before 2024, my 4562 only reflect 1 line item of 27.5 years since I did straight line depreciation).

Thanks so much

[AmeliesUncle]

You need to enter each of the revised assets.  Each one will show up on the Depreciation worksheet, but none of them should end up on the actual Form 4562.