Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 4562 - suppress line 14

Highlighted
Level 1

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???

Thanks

Labels (1)
0 Cheers
4 Replies 4
Highlighted
Level 15

Which depreciation code are you using? 


ex-AllStar
0 Cheers
Highlighted
Level 1

I'm using

MACRS 5-year % Office Equip, Rental Furn. & Fixtures-----

Thanks for taking a look.

0 Cheers
Highlighted
Level 1

Is there more info here?

I understand there is a box/ hyperlink under 179 depreciation deduction section

which controls Line 14 on form 4562?  Where is this? Thanks

 

0 Cheers
Highlighted
Level 15
0 Cheers