Form 4562: Unique Report Definition Fields
Which report fields are unique to the Form 4562?
The following fields on the Form 4562 - Depreciation and Amortization window are unique to the Form 4562: Depreciation and Amortization report.
Items in this window
| Item | Notes |
|---|---|
| Run Report for Fiscal Year Beginning (Required Field) | Use this field to type the beginning date of the Tax book fiscal year for which you want to run the report. The report defaults to the Tax book for data. Other books are available. |
| EIN | Use this field to enter your identifying number. |
| Business or Activity | Use this field to enter the name of the business or activity to which this form relates. |
| Election | Use this text box to print text on the top of the Form 4562. You can edit the text in this box, or you can delete the text if you do not want to print text on the top of the form. You can enter up to 65 characters in this text box. For example, you can use this text box to elect out of claiming the Section 168 Allowance. You can elect out of the allowance for each class of assets (that is, 3-year property, 5-year property, 7-year property, etc.). |
| [Additional Information] | Select this button to display a screen that allows you to override Section 179 limits and enter additional information on the Form 4562. |