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Last year I depreciated a tractor over 7 years. This year the form 4562 is not being generated. How do I get that depreciation?

 
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DawnC0
Intuit Alumni

Last year I depreciated a tractor over 7 years. This year the form 4562 is not being generated. How do I get that depreciation?

Form 4562 will automatically be generated for prior year assets if you are using TurboTax Home & Biz.  Other lower versions (Deluxe, Basic, and Premier) do not support business expenses, including depreciation.  You will either need to upgrade to Home & Biz or manually enter your assets and depreciation.  They won't be transferred over unless you are using Home & Biz.  You can use Forms Mode to manually enter these forms/expenses if you are using a lower version.   

You can look at last year's return to see the amount deducted for depreciation in 2016.  

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