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1 reply

DawnC
DawnC
Employee
February 21, 2020

IRS Form 4562 is used to calculate and claim deductions for depreciation and amortization.  TurboTax calculates and enters that number based on your entries.  When you enter depreciable assets—vehicles, buildings, farm equipment, intellectual property, etc.—we'll generate Form 4562 and apply the correct depreciation method.  You should enter the assets in the appropriate section.  

 

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