ProConnect HelpIntuit HelpIntuit

Form 4562 does not print with the return

by Intuit Updated 2 years ago

Form 4562 will only print with the filing copy when required by the IRS.

From the Instructions for Form 4562 the 4562 should only be filed when the following conditions are met:

  • Depreciation for property placed in service during the 2021 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 2021 tax year.

If you are an employee deducting job-related vehicle expenses using either the standard mileage rate or actual expenses, use Form 2106, Employee Business Expenses, or Form 2106-EZ, Unreimbursed Employee Business Expenses, for this purpose.

File a separate Form 4562 for each business or activity on your return for which Form 4562 is required. If you need more space, attach additional sheets. However, complete only one Part I in its entirety when computing your section 179 expense deduction..

Additional Information

For more information about depreciation and amortization (including information on listed property) see the following.

ProSeries BasicProSeries Professional

Sign in now for personalized help

Ask questions, get answers, and join our large community of Intuit Accountants users.

More like this

Dynamic AdsDynamic Ads