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February 21, 2025
Question

4562 Depreciation form - Cost segregation study

  • February 21, 2025
  • 1 reply
  • 0 views

Hi,

I purchased a rental property in 2022 and did a cost segregation study in 2024. I was advised to file form 3115 to change accounting method and did the 481a adjustment in Schedule E Line 19.

My question is, do I also have to file form 4562 Depreciation and Amortization as well since I changed the the way I depreciate my asset classes in this property? Thanks

    1 reply

    KrisD15
    February 21, 2025

    No, Form 4562 is not necessary. 

    Only TurboTax Desktop will handle Form 3115 unless you are sending in that form as a stand-alone mailing.

    You may need to make an entry for the "catch-up deprecation" on Schedule E

     

    This answer link covers the issues you may have concerning your change in depreciation methods for your rental activity. 

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