how to file form 4562 depreciation and amortization
filers must include their name taxpayer identification number as well as the business activity for which the form is being filed part i of the form deals with election to expense certain property under section 179 the deduction applies to tangible personal property like machinery or equipment and for real qualified property part ii outlines the special depreciation allowance and other depreciation this section must not include listed property part iii is reserved for macrs depreciation under this assets are assigned to a specific asset class which has a depreciation period associated with it if you need more space attach additional sheets however complete only one part i in its entirety when computing your section 179 expense deduction start by downloading a copy of form 4562 depreciation and amortization 