Re: Had a rental property last year and added a 2nd one this year. Only producing a 4562 for this year's property. How do I get a 4562 for last year's property?

mkwoodall · ‎04-23-2021

It figures depreciation, just does not generate a 4562 for that property or include in on the 4562 for the new property.

TaxGuyBill · ‎04-23-2021

Form 4562 is only used if a new asset was "placed in service" during the year or the activity has "Listed Property". If those don't apply, Form 4562 does not apply.