4562 Depreciation form - Cost segregation study

[sunnyside8989]

Hi,

I purchased a rental property in 2022 and did a cost segregation study in 2024. I was advised to file form 3115 to change accounting method and did the 481a adjustment in Schedule E Line 19.

My question is, do I also have to file form 4562 Depreciation and Amortization as well since I changed the the way I depreciate my asset classes in this property? Thanks

[KrisD15]

No, Form 4562 is not necessary. 

Only TurboTax Desktop will handle Form 3115 unless you are sending in that form as a stand-alone mailing.

You may need to make an entry for the "catch-up deprecation" on Schedule E

This answer link covers the issues you may have concerning your change in depreciation methods for your rental activity.