This is my 2nd year using proseries.
I have always done new 4562 every year for rental property's depreciation. The data for one client I did last year for 4562 did not transfer over to this year.
This leds me to questions is we are using the same deprecation number on residential rental, do we need to keep doing form 4562 for the whole time, or just one time up to max number of years?
Thank you,
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Unless you have "Listed Property" on page 2 of Form 4562 or you are claiming Section 179 on the top of page 1, Form 4562 is only filed in the years that an asset is "placed in service". It is not filed in other years.
Unless you have "Listed Property" on page 2 of Form 4562 or you are claiming Section 179 on the top of page 1, Form 4562 is only filed in the years that an asset is "placed in service". It is not filed in other years.
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