Support CenterHow to enter depreciation on a tax return
🔍 How to enter depreciation on a tax return
This guide explains how to enter depreciation so it carries to the correct form (for example, Schedule C).
⚠️ Before You Begin
Before you start, make sure you know which form the depreciation needs to carry to (for example, the Schedule C).
📊 Step-by-Step Guide
Step 1: Start on the correct depreciation line
Use this when you need to enter depreciation on the right form.
Start at the depreciation line on the form that you wish the depreciation to carry to (for example: if you need the depreciation to carry to the Schedule C, start at line 13 of the Schedule C).
Step 2: Link to the Depreciation and Amortization page
Use this to open the correct depreciation input screen.
Click in the field and link, or hit (F9),to theNEW 4562 Pg1- Depreciation and Amortization Pg 1.
Step 3: Open the Asset Worksheet and enter the item
Use this to specify which asset you are depreciating.
Go to line 6a (description) and link, or hit (F9), to a NEW Asset Worksheet- Depreciation and Amortization Worksheet. Enter the item to be depreciated on the worksheet.
Step 4: Repeat for each asset
Use this when you have multiple assets to depreciate.
Complete a separate Depreciation Worksheet for each asset.
✅ Success!
You have entered depreciation by linking to the correct depreciation pages and completing a worksheet for each asset.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form