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Form 4562: Depreciation and Amortization (Including Information on Listed Property)
IRS Form 4562 is used to claim deductions for depreciation and amortization, elect section 179 expense for property, and provide information on the business/investment use of automobiles and other listed property. For instance, a taxpayer can elect to capitalize and amortize expenditures equally over 60 months or more or elect to amortize them over a 10-year period.
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IRS Form 4562 - Depreciation and Amortization (Including Information on Listed Property)
IRS Form 4562 is used to claim deductions for depreciation and amortization, elect section 179 expense for property, and provide information on the business/investment use of automobiles and other listed property. For instance, a taxpayer can elect to capitalize and amortize expenditures equally over 60 months or more or elect to amortize them over a 10-year period.
Risk Radar
Scan points- 1Do not use Part II or Part III for listed property; instead, use Part V.
- 2Failing to file separate Form 4562 for each business or activity requiring it.
- 3Including listed property on Line 6 instead of entering its elected section 179 cost on Line 26, Column (i).
- 4Not entering the smaller amount between Line 5 or corporate taxable income on Line 12.
- 5Completing more than one full Part I when calculating the section 179 deduction for a single return.
Plain English
This form allows taxpayers to claim deductions for assets they own, such as buildings or equipment. It helps you choose whether to spread out the cost of an asset over many years (depreciation/amortization) or deduct it all at once (section 179 election). You also use this form to report on vehicles used for business.
Submission Date
- Filing date: 2026-03-30 18:10:43
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when claiming a deduction for depreciation or amortization, electing section 179 expense for certain property, or providing information on the business/investment use of automobiles and other listed property.
- Do not use Form 4562 to claim the deduction for energy efficient commercial buildings under section 179D.
- Check Form 7205 instead when claiming the Energy Efficient Commercial Buildings Deduction.
Form selector
Use this form or another form?
Claiming depreciation for property placed in service during the 2025 tax year
Required regardless of other deductions on the return.
✓ Check Part I first.
Deducting a vehicle expense reported outside of Schedule C (Form 1040)
Necessary to report that specific deduction amount for the business/activity.
✓ Check Part V if listed property is involved.
Claiming amortization costs beginning during the 2025 tax year
Required to document the start of the cost amortization period on the return.
✓ Check instructions regarding line 12.
Deadline or filing window
Filing is triggered by claiming a specific deduction (like depreciation for 2025 property) or amortization beginning during the 2025 tax year. The instructions do not list a hard deadline following these triggers, but filing must occur when the deduction arises. No extension period is mentioned in the provided excerpts.
Checklist
What you need before filling it out
Part I, Line 1 (Maximum amount)
Amount claimed for section 179 property · Part I of Form 4562
Part I, Line 2 (Total cost of section 179 property)
Total cost of qualifying property placed in service · Part I of Form 4562
Part V (Listed Property)
Details on business/investment use of specific assets · Part V of Form 4562
Amortization Election
Choosing to amortize over 10 years or equally over 60+ months · Instructions p.1
Form 2106 (Employee Expenses)
Deducting job-related vehicle expenses as an employee · Part I of Form 4562
AMT Adjustment
Determining if depreciation requires an adjustment for AMT purposes · Various Schedules/Forms
Before you submit
- 1Ensure Part V is completed before completing Part I if listed property is present.
- 2Verify that the Name(s) shown on return match the entity filing the form.
- 3Confirm the Identifying number matches the taxpayer's record.
- 4If claiming section 179, confirm the election amount is entered on Part I, Line 1.
- 5If reporting vehicle expenses, ensure they are either listed in Part V or accounted for per instructions.
- 6Check that a separate Form 4562 is completed for each distinct business or activity requiring the form.
- 7Verify that the revision date reads 20/25.
How to file this form
- 1Complete Part V first, detailing any listed property used in the business or investment.
- 2Complete Part I to calculate and report the section 179 deduction, ensuring Line 3 (Threshold cost) is correctly calculated.
- 3Attach Form 4562 to the relevant tax return and ensure it corresponds to the correct business or activity.
- 4Sign the form before sending it, keeping a copy for recordkeeping purposes.
Known limitations
- 1The taxpayer cannot use Form 4562 to claim the deduction for energy efficient commercial buildings under section 179D; instead, they must use Form 7205.
- 2If Line 5 on Form 4562 is zero, the taxpayer cannot elect to expense any section 179 property, requiring them to skip lines 6 through 11 and enter zero on line 12.
- 3When married filing separately, taxpayers must allocate the dollar limitation for the tax year by multiplying the total limitation (on Line 5) by 50% (0.50), unless a different percentage is elected by both spouses, where the sum of percentages must equal 100%.
- 4Line 6 does not include any listed property; instead, the elected section 179 cost for listed property must be entered in column (i) of Line 26.
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition is 20/25, dated March 30, 2026. For the latest information regarding Form 4562 and its instructions, filers should reference IRS.gov/Form4562. New lines 19h (for General Depreciation System) and 20e (for Alternative Depreciation System) were added to report MACRS depreciation for 50-year property in the 2025 tax year.
What changed or needs a fresh check
- Edition date — confirm March 30, 2026
- Catalog Number — confirm 12907Y
- Form number — confirm 4562
- Signature — state that the source does not specify a required signature location on the provided excerpts.
- OMB No. — confirm 1545-0172
Quick Facts
Downloads
After you file
- 1Keep a copy of Form 4562 after filing.
- 2If married filing separately, confirm that the allocation on Line 5 correctly reflects each spouse's share of the total dollar limitation.
- 3When reporting listed property on Line 6, ensure column (c)—Elected cost—is entered, as this is the amount that can be depreciated later if not fully expensed.
- 4If a deduction for any vehicle is reported on a form other than Schedule C (Form 1040), Profit or Loss From Business, Form 4562 must be filed to report it.
Sources
- SRCInstructions p.1 — The purpose of Form 4562 is to claim deductions for depreciation and amortization, make the election under section 179 to expense certain property, and provide information on business/investment use of automobiles and other listed property.
- SRCInstructions p.1 — A taxpayer can elect to capitalize and amortize expenditures equally over 60 months or more or elect to amortize them over a 10-year period.
- SRCInstructions p.2 — Form 4562 must be completed if claiming depreciation for property placed in service during the 2025 tax year, making a section 179 expense deduction, or reporting depreciation on any vehicle or other listed property.
- SRCInstructions p.5 — If Line 5 is zero, taxpayers skip lines 6 through 11 and enter zero on line 12; they must also enter the carryover of any disallowed deduction from 2024 (excluding amounts attributable to qualified section 179 real property) on line 13.
- SRCInstructions p.5 — When married filing separately, taxpayers allocate the dollar limitation by multiplying the total limitation (on Line 5) by 50% (0.50), unless a different allocation is elected, in which case the sum of percentages must equal 100%.
- SRCInstructions p.2 — Section 179 property includes qualified section 179 real property and tangible personal property.
- SRCInstructions p.12 — For residential rental and nonresidential real property, the election for depreciation can be made separately for each property by completing line 20 of Form 4562.
- SRCInstructions p.5 — On Line 6, column (c)—Elected cost—is the amount that can be depreciated later if not expensed.
Common confusion points
What happens if Line 5 is zero?
If Line 5 reads zero, the taxpayer cannot elect section 179 property and must skip lines 6 through 11.
→ Enter zero on line 12 and enter any carryover of disallowed deduction from 2024 (excluding amounts attributable to qualified section 179 real property) on line 13.
How do I allocate the Section 179 dollar limitation if married filing separately?
Multiply the total limitation (on Line 5) by 50% (0.50), unless you and your spouse elect a different percentage, which must sum to 100%.
→ Ensure the amount entered on Line 5 is only your specific share of the total dollar limitation.
When listing property on Line 6, why don't I list all my assets?
Only the *elected* section 179 cost of listed property is detailed on Line 6; other listed properties are not included there.
→ Verify that any property you elect to expense via Section 179 is described and costs entered correctly in columns (a), (b), or (c) of Line 6.
What do I enter for the cost of a trade-in on Line 6?
Do not include the carryover basis of the property traded in; only include the excess of the new property's cost over the value of the property you are trading in.
→ Double-check that column (b)—Cost (business use only)—reflects this net amount.
When using ADS for real property, how do I determine the classification?
The classification is determined by following specific rules outlined under ADS, referencing section 168(g)(3) and Pub. 946.
→ Confirm that you are applying the correct class life based on your property's nature.
What does 'listed property' mean in this form?
Listed property includes automobiles and other items for which depreciation/amortization information must be provided for business or investment use.
→ Check the instructions to ensure you are not confusing it with energy efficient commercial buildings (which require Form 7205).
What if I amortize research expenditures attributable to foreign research?
These expenditures must be capitalized and amortized ratably over a 15-year period, as detailed in the instructions.
→ Confirm that the required amortization period for foreign research is 15 years.
Workflow map
Related forms and next steps
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Current
After
Often used with
⚠ If something goes wrong
- Use IRS.gov/Form4562 to check for the latest information regarding developments related to Form 4562.
Questions about IRS Form 4562
What is IRS Form 4562 used for?
This form allows taxpayers to claim deductions for assets they own, such as buildings or equipment. It helps you choose whether to spread out the cost of an asset over many years (depreciation/amortization) or deduct it all at once (section 179 election). You also use this form to report on vehicles used for business.
Who must file IRS Form 4562?
Except as otherwise noted, individuals must complete and file Form 4562 if they are claiming depreciation for property placed in service during the 2025 tax year or an amortization deduction that begins during 2025.
What information does IRS Form 4562 require?
The form collects details across several sections: Part I covers general information; Part II tracks Special Depreciation Allowance and Other Depreciation (excluding listed property); Part III records MACRS deductions for assets placed in service before 2025; and Part IV summarizes the total deduction, including amounts from Part V for Listed Property.
When is IRS Form 4562 due?
The source does not specify a due date, but taxpayers must file Form 4562 when claiming any of the listed deductions or amortization beginning during the 2025 tax year.
Where do I file IRS Form 4562?
The instructions do not specify a routing service center address for filing; however, additional sheets can be attached if more space is needed to complete the form.
How do I complete IRS Form 4562?
A taxpayer must complete a separate Form 4562 for each business or activity on their return for which it is required. While completing Part I, the taxpayer must ensure they enter only one full Part I when calculating the section 179 expense deduction. After completion, all parts must be reviewed to ensure listed property details are correctly placed in Part V and summarized in Part IV.
What happens if IRS Form 4562 is filed incorrectly?
If Form 4562 is filed incorrectly, the taxpayer may fail to properly claim their deduction for depreciation or amortization, leading to an underreporting of income or failure to meet specific tax requirements for listed property.
What happens if Line 5 is zero?
If Line 5 reads zero, the taxpayer cannot elect section 179 property and must skip lines 6 through 11. Enter zero on line 12 and enter any carryover of disallowed deduction from 2024 (excluding amounts attributable to qualified section 179 real property) on line 13.
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