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New Member
posted Mar 7, 2025 6:35:51 PM

I have 5 rental properties and Turbo Tax only produces 3 Form 4562. Can anybody tell me why? If it's OK just file like that?

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2 Replies
Expert Alumni
Mar 7, 2025 7:37:00 PM

Form 4562 is used to report depreciation on business property.   For the 2 properties that don't have Form 4562, it could mean that those 2 rental properties have only fully depreciated property or you haven't set up any property to be depreciated.  So it could be correct.

 

Go back to your asset summary for those 2 properties and make sure you went through the all the assets on your Asset Summary.  

 

 

Use Form 4562 to:

 

  • Claim your deduction for depreciation and amortization.
  • Make the election under section 179 to expense certain property.
  • Provide information on the business/investment use of automobiles and other listed property.

Level 15
Mar 7, 2025 10:12:05 PM

also there is no 4562 if there are no additions to the property for the year.