I show property added during the tax year in Part III using MACRS depreciation.
When I input this for the Form 4562, it also accumulates on line 14 (Part II) --
Example -- I added a $1000 heater having a 5 year life - SL depreciation.
When I designate this with MACRS depreciation it shows $200 in Part III Section B,
Plus it indicates $200 x 5=1000 on line 14. Why is this happening? How do I suppress???
Thanks
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Which depreciation code are you using?
I'm using
MACRS 5-year % Office Equip, Rental Furn. & Fixtures-----
Thanks for taking a look.
Is there more info here?
I understand there is a box/ hyperlink under 179 depreciation deduction section
which controls Line 14 on form 4562? Where is this? Thanks
The default would be special depreciation. You can elect 179 by entering the amount you want in that entry point.
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