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lKgarcia2020
Level 1

Do I need to included a fully depreciated asset on form 4562? (this is an LLC)

 
2 Replies
ColeenD3
Employee Tax Expert

Do I need to included a fully depreciated asset on form 4562? (this is an LLC)

No. A fully depreciated asset has a value of zero. There is nothing left to be depreciated.

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lKgarcia2020
Level 1

Do I need to included a fully depreciated asset on form 4562? (this is an LLC)

What I thought.  Thank you for verifying.

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