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Level 2
February 22, 2021
Question

4562

  • February 22, 2021
  • 1 reply
  • 3 views

I noticed the 4562 from 2019 didn't transfer over to 2020 so I'm not sure what to do? Any advice?

    1 reply

    Mike9241
    Level 15
    Level 15
    February 22, 2021

    the depreciation should have transferred but there will be no form 4562 in the 2020 return if there were no  depreciable assets entered as put into service in 2020

    Mike9241
    missya2jAuthor
    Level 2
    February 23, 2021

    Thank you for your reply, but even though I don't have any new assets placed in service in 2020, I still have depreciation from the asset I placed in service in 2019 that should carry over and it's not.  I'm not sure what to do?