Print > Options > Form 4562 tab

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Fixed Assets CS enables you to print a submittable Form 4562 (Depreciation and Amortization) for the active client. The Form 4562 Worksheet is a non-submittable listing of the asset detail for Form 4562 amounts.

To open this dialog, click the Print button or choose File > Print. In the Print dialog, click the Forms tab and select Form 4562 or Form 4562 Worksheet. Then, click the Options button and click the Form 4562 tab.

Notes

  • If the client has multiple business activities, mark the Print activities individually checkbox to have the application print a separate Form 4562 for each activity. Otherwise, Fixed Assets CS combines all assets for reporting purposes, regardless of the business activity.
  • The export option is not available for forms.
  • To apply the section 168(i)(4) election to activities on Form 4562, Part III, see the 168(i)(4) Election dialog.

Fields & buttons

Choose the desired treatment from the drop-down list. (This field defaults to Tax.)

If the client has multiple business activities, mark the Print activities individually checkbox to have the application print a separate Form 4562 for each activity. Otherwise, Fixed Assets CS combines all assets for reporting purposes, regardless of the business activity.

Mark this checkbox to have Fixed Assets CS leave this portion of Form 4562 blank.

Mark this checkbox to exclude from the current form any assets for which the Tracking partner's outside basis (1065 only) checkbox is marked on the Asset Detail > Other tab.

Note: This checkbox is available only for 1065 clients.

Fixed Assets CS automatically calculates the total cost of section 179 property (displayed in the shaded field). If you want to use a different value, enter it in the field to the right of the shaded field. The total cost of section 179 property amount transfers directly to Form 4562, line 2, and is used to calculate line 4 of the form.

Enter the section 179 expense amount from Schedule K-1 for 1065 clients. The amount entered here transfers directly to Form 4562, line 6, and is used to calculate lines 8, 9, 12, and 22 on the form.

Enter the section 179 expense amount from Schedule K-1 for 1120S clients. The amount entered here transfers directly to Form 4562, line 6, and is used to calculate lines 8, 9, 12, and 22 on the form.

Enter any carryover amount of the disallowed section 179 deduction. The amount entered here transfers directly to Form 4562, line 10.

Enter the portion of basis attributable to section 263A costs. The amount entered here transfers directly to Form 4562, line 23.

Share This