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The IRS requires that you enter the following information in the following sections of Screen 4562.
Part III - Depreciation for Current Year Additions
The Convention fields in this section require the following entries. Any other entry in these fields causes 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 dialog for the Property used less than 50% field requires the following entries. Any other entry in this column causes 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 |
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