Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Federal input screens

Screen 4562 - Depreciation and Amortization (1120)

Use this screen to enter depreciation and amortization information.

Section 179, Special Depreciation Allowance, Other and MACRS

Use this section to enter general information, section 179 expense, current-year acquisitions that qualify for MACRS, and other depreciation information. Enter section 263A costs in the Form 4562 - Other Information section in the
OthAsset
 screen.
The application transfers all information for
Unit
,
Form
, and
Business activity
 from the asset module. If you don't use the asset module but instead enter summary information in the
4562
 screen, enter the form type and a unit number so the depreciation amounts transfer to the correct form.

Listed Property - Depreciation

Use this section to enter information for Form 4562, Page 2, Part V, Section A-Depreciation and Other Information.

Amortization

Use the statement for
Cost
 to enter the amortization detail, startup expenses, and organization costs of property placed in service during the current year. Based on the data you entered in
Form
 in this screen, the application transfers amortization, startup expenses, and organization costs to one of the following printed statements: Form 1065, Page 1, Other deductions; Schedule K, Other deductions; Form 1125-A, Other costs; Schedule F, Other expenses; Farm Rental Income and Expenses, Other expenses; or Rental and Royalties, Other expenses.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close