I have had rental property with depreciation for years, but turbo tax is not generating a 4562 for me to complete on this property. How can I generate a 4562 for completion
When you use TurboTax every year, TurboTax keeps track of all the assets you have already been depreciating, so you can accurately track and report multi-year depreciation.
Generally the Form 4562 is generated for a new asset placed in service for the tax year,
With the desktop version when you are at your summary screen click the forms radio button.
Scroll down the form to.
quickzoom asset life history
Click radio quickzoom button to right.
Your using the desktop version , you can click forms in upper right, let populate and then print then select from forms listed in left panel to open and print a particular form.
If you open the asset worksheet you can quickzoom to the asset life history and print it.
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.
A separate question: for over 3 months in 2016 the property was unrented. Do I enter the unrented days as "personal use" or something else in TurboTax Premier?
"I have had rental property with depreciation for years"
Form 4562 is generated only in the year placed in service.Answer are based only what is state in original question.That is why I stated if you have the asset history your are O.K. My second sentence answered the question.
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