I show property added during the tax year in Part III using MACRS depreciation.
When I input this for the Form 4562, it also accumulates on line 14 (Part II) --
Example -- I added a $1000 heater having a 5 year life - SL depreciation.
When I designate this with MACRS depreciation it shows $200 in Part III Section B,
Plus it indicates $200 x 5=1000 on line 14. Why is this happening? How do I suppress???
The default would be special depreciation. You can elect 179 by entering the amount you want in that entry point.