Form 4562, Depreciation and Amortization, is the Internal Revenue Service form generally used for claiming the depreciation and amortization deduction. It’s also used for making an election under Section 179 to expense a certain property. Additionally, taxpayers can use Form 4562 to provide information on the business or investment use of vehicles and other listed properties.
Essentially, file Form 4562 with your federal income tax return to claim the depreciation deduction or make a Section 179 election.
Form 4562 PDF
For the 2024 tax year, for which you’ll file a federal income tax return for in 2024, fill out the 4562 and attach it to your return.
Without attaching Form 4562, you won’t be able to claim the depreciation deduction. The form below can’t be used on electronically filed tax returns despite the fact that you can file it online. After you’re done filling it out, get a paper copy using the print button in the top right corner.