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If I do not have a 4562 form in my 2024 tax return does this mean I did not take the 179 deduction in 2024

 
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2 Replies
MinhT1
Expert Alumni

If I do not have a 4562 form in my 2024 tax return does this mean I did not take the 179 deduction in 2024

Yes.

 

The 179 deduction is reported on form 4562.

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If I do not have a 4562 form in my 2024 tax return does this mean I did not take the 179 deduction in 2024

Did you place an "asset" into service for depreciation in 2024?

 

No Form 4562 indicates you did NOT have ANY new assets placed in service, regardless if you used Section 179 or not.

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