Depreciation for All Assets; Form 4562

Forum|Forum|6 years ago
May 26, 2020
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In 2018 my forms contained 2 4562 schedules; one with All Assets which showed my depreciation for all of my rental properties along with amortization for intangibles. There was also another 4562 labeled "Next Yr Depreciation" which showed the same assets with a calculated depreciation for the following year. In 2019, I cannot find these 2 forms. I have a depreciation schedule for each individual asset but not the summary sheets I identified above. Is there a reason for this ?

TurboTax Business Windows

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if there were no asset additions the IRS does not require form 4562 and TT follows that practice. However, the complete file should contain a depreciation report that does not go with the return.

Anonymous

Answer

if there were no asset additions the IRS does not require form 4562 and TT follows that practice. However, the complete file should contain a depreciation report that does not go with the return.

garyt22Author

Level 2

Thank you.

Carl

Level 11

2 4562 schedules; one with All Assets which showed my depreciation for all of my rental properties along with amortization for intangibles.

Multiple rental properties on one single 4562 that prints in landscape format? If so, that tells me you are grouping properties, which is fine. But so long as there was no change with any of the assets in 2019, the form will NOT be filed with the IRS. It's not required unless something changes. However, if you select the option to print everything and then save it as a PDF, you will find both 4562's in the PDF and you can print only what you want or need to print.