1998551
You'll need to sign in or create an account to connect with an expert.
You do not necessarily get a Form 4562 every year.
Use Form 4562 to figure your deduction for depreciation and amortization. Attach Form 4562 to your tax return for the current tax year if you are claiming any of the following items.
Thank you for responding, this is really helpful. So, since I didn't place any new items into service in 2020, nor do any of the other situations you listed here apply to me, my return doesn't need to include 4562?
I guess this is the first year I haven't placed new, depreciable assets into service so this has never come up before.
Thanks!!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
marshalacy
New Member
cottagecharm11
Level 4
cottagecharm11
Level 4
midtowncpa
Level 2
cmallari
New Member