E-file guidelines for the 4562 screen
The IRS requires that you enter the following information in the following sections of the 4562 screen.
Part III - Depreciation for Current Year Additions
Enter the following information in the
Convention
fields of this section. Entering any other information in these fields will cause the IRS to reject the return.Entry | Part III, lines 19 & 20, column E convention |
|---|---|
HY | Half year |
MQ | Mid quarter |
MM | Mid month |
Part V - Listed Property
The Convention column in the statement window for the
Property used less than 50%
field needs the following entries. Any other entry in this column will cause the IRS to reject the return.Entry | Part V, line 26, column G convention |
|---|---|
HY | Half year |
MQ | Mid quarter |
MM | Mid month |
PRE | ACRS |
