Form 4562 is not producing, but I have depreciation entered; why?
Common reasons this form does not produce:
- The IRS does not require this form if no assets were purchased in the current tax year.
- If the taxpayer purchased and sold in the same year, the form is not produced.
- Remember, you cannot depreciate an item bought and sold in the same year or over a period of time less than a year.
If you want to print the 4562, you can adjust the setting in Setup > Options > Form & Schedule Options. If you want to print the 4562 just for one return, go to the PRNT screen and select Print 4562.