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Level 3
posted Apr 11, 2022 12:01:30 PM

Help on Depreciation & Form 4562

I noticed on my 2019 and 2020 taxes on my Schedule E form, that I have depreciation listed from Form 4562, but not for 2021.  When I look under forms, I don't have the Form 4562 for 2021.  Why is that?  What happens to all of my depreciation assets I listed from before?  Will I have to manually re-enter them?

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1 Best answer
Expert Alumni
Apr 12, 2022 7:21:45 AM

Yes, in some cases, your 2020 assets do not transfer over to your 2021 return. Our tech support team is aware of this experience, but a resolution is not likely before the filing deadline for your return.

 

To resolve this, please re-enter your Schedule E assets, using the information from your 2020 Depreciation Report.

1 Replies
Expert Alumni
Apr 12, 2022 7:21:45 AM

Yes, in some cases, your 2020 assets do not transfer over to your 2021 return. Our tech support team is aware of this experience, but a resolution is not likely before the filing deadline for your return.

 

To resolve this, please re-enter your Schedule E assets, using the information from your 2020 Depreciation Report.