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luye4504
New Member

how to add form 4562 into my file ?

after I paid to turbox, form 4562 information did not show up on the final tax file.
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5 Replies

how to add form 4562 into my file ?

You do not manually add Form 4562. TurboTax will generate the form if necessary.

 

See https://www.irs.gov/instructions/i4562#en_US_2021_publink1000309253

how to add form 4562 into my file ?

 

 

You will not have Form 4562 in your tax return package unless you have any of the following:

 

  • Depreciation for property placed in service during the  tax year.
  • A section 179 expense deduction (which may include a carryover from a previous year).
  • Depreciation on any vehicle or other listed property (regardless of when it was placed in service).
  • A deduction for any vehicle reported on a form other than Schedule C (Form 1040), Profit or Loss From Business.
  • Any depreciation on a corporate income tax return (other than Form 1120-S).
  • Amortization of costs that begins during the tax year.

how to add form 4562 into my file ?

Have you considered upgrading so that you could get more help?

 

https://ttlc.intuit.com/community/choosing-a-product/help/what-is-turbotax-live/00/27191

 

https://ttlc.intuit.com/community/choosing-a-product/help/what-is-full-service-by-turbotax-live/00/2...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Melmer73
New Member

how to add form 4562 into my file ?

When I go to Sched C depreciation, it asks several questions, but does not allow me to enter any information

MarilynG1
Expert Alumni

how to add form 4562 into my file ?

If you have Business Assets to depreciate, enter them in the Business Assets section in TurboTax.

 

Type 'Schedule C' in the Search area, then 'Jump to schedule c'.

 

If you have not set up your Business yet, you are asked several questions to set up your Business Profile.

 

There are then separate sections to enter Business Income, Business Expenses, and Business Assets.  The first year that you set up an asset, you are presented with several options for depreciation/expense. 

 

Here's more info on Depreciation of Business Assets.

 

@Melmer73 

 

 

 

 

 

 

 

 

 

 

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