Form 4562 is completed to report depreciation and amortization expense of property used in a trade or business. This tutorial covers how to complete Form 4562 when claiming Section 179 expense on eligible property.
Form 4562 is used to report depreciation and amortization expense for property used in a trade or business. This example covers how to report Section 179 expense that cannot be fully used in the current tax year.
Form 4797 is filed to report the sale of assets used in a trade or business. This example covers a Form 4797 where an S corporation sells assets that previously claimed Section 179 deduction.
