Form 4562 - Schedule F Depreciation and Amortization

Article ID: 34805  

Form 4562 - Schedule F Depreciation and Amortization


Use Form 4562 to:

  • Claim your deduction for depreciation and amortization,
  • Make the election under section 179 to expense certain property, and
  • Provide information on the business/investment use of automobiles and other listed property.

Who Must File Form 4562 

  • Except as otherwise noted, complete and file Form 4562 if you are claiming any of the following.
  • Depreciation for property placed in service during the 2014 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, or Schedule C-EZ (Form 1040), Net Profit From Business.
  • Any depreciation on a corporate income tax return (other than Form 1120S). Amortization of costs that begins during the 2014 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. See the instructions for line 12, later.


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