S-Corp Form 4562 & Depreciation - TIC agreement

[LuckyLefty8]

It's my understanding that 4562 isn't required for S-Corps.

BUT, not sure what to do here - after cost seg study performed on 50/50 TIC property, Year 1 going to have very high amount of depreciation.

Will it raise flags if very high amount of depreciation associated with TIC taken on Form 8825 without providing 4562/Depreciation Schedules?

Main issue here is the TIC is ran by other investor, and he just sends over the PnL for my S-Corp share of the TIC investment.  Not very comfortable just slapping this on the 8825.

[Anonymous]

wrong. from form 4562 instructions on who must file. 

Any depreciation on a corporate
income tax return (other than Form
1120-S).