Is form 4562 actually needed?

halapeno — Thu, 06 Jun 2019 15:45:28 GMT

Where do I enter Form 4562? Where do I enter Form 4562?...

Arunkumar — Thu, 06 Jun 2019 15:45:30 GMT

Where do I enter Form 4562?

IRS Form 4562 is used to calculate and claim deductions for depreciation and amortization.

When you enter depreciable assets – vehicles, buildings, farm equipment, intellectual property, etc. – we'll generate Form 4562 and apply the correct depreciation method.

There is no single place in TurboTax to enter depreciable assets. Instead, when you enter your business, rental, farm, or job-related expenses, we'll ask about related assets and apply the depreciation at that point.

Related Information:

What is rental depreciation and how does it differ from an expense?
How do I handle capital improvements and depreciation for my rental?
How do I delete forms in TurboTax Online?
How do I delete a tax form in the TurboTax CD/Download software?

topic Is form 4562 actually needed? in Get your taxes done using TurboTax

Is form 4562 actually needed?

Where do I enter Form 4562? Where do I enter Form 4562?...