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Level 1
April 24, 2021
Question

Had a rental property last year and added a 2nd one this year. Only producing a 4562 for this year's property. How do I get a 4562 for last year's property?

  • April 24, 2021
  • 1 reply
  • 4 views
It figures depreciation, just does not generate a  4562 for that property or include in on the 4562 for the new property.
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1 reply

Level 15
April 24, 2021

Form 4562 is only used if a new asset was "placed in service" during the year or the activity has "Listed Property".  If those don't apply, Form 4562 does not apply.