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Generating Form 4562 with depreciation amounts using Direct Input

SOLVEDby IntuitProConnect Tax5Updated September 30, 2021

You can use the depreciation Direct Input screens to generate Form 4562 with depreciation amounts maintained outside of ProConnect Tax.

Follow these steps to generate Form 4562 using Direct Input:

  1. Go to the Input Return tab.
  2. On the left-side navigation menu, select Deductions and choose Direct Input (4562).
  3. Select Direct Input.
  4. Enter the amounts you'd like to report on Form 4562.
  5. Click the + (plus sign) at the top of your screen to add more entries.

Mandatory entries on the Direct Input screens

The fields below are mandatory entries on the Direct Input screens.

  • Description of property
  • Form (Click on arrow to select from list)
  • Activity name or number
  • Date placed in service (negative date=various)
 

Don't use the Deductions > Depreciation screen for any return where Direct Input is utilized.

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