Do You Have To File Form 4562?

Terms you may need to know (see Glossary):

Amortization Listed property Placed in service Standard mileage rate

12 Chapter 1 Overview of Depreciation Publication 946 (2025)

Use Form 4562 to figure your deduction for depreciation and amortization. Attach Form 4562 to your tax return for the current tax year if you are claiming any of the following items.

• A section 179 deduction for the current year or a section 179 carryover from a prior year. See chapter 2 for information on the section 179 deduction.

• Depreciation for property placed in service during the current year.

• Depreciation on any vehicle or other listed property, regardless of when it was placed in service. See chapter 5 for information on listed property.

• A deduction for any vehicle if the deduction is reported on a form other than Schedule C (Form 1040).

• Amortization of costs if the current year is the first year of the amortization period.

• Depreciation or amortization on any asset on a corporate income tax return (other than Form 1120-S, U.S. Income Tax Return for an S Corporation) regardless of when it was placed in service.

Caution: You must submit a separate Form 4562 for each business or activity on your return for which a Form 4562 is required.

Table 1-1 presents an overview of the purpose of the various parts of Form 4562.

Employee. Do not use Form 4562 if you are an employee and you deduct job-related vehicle expenses using either actual expenses (including depreciation) or the standard mileage rate. Instead, use Form 2106. See the Instructions for Form 2106 for more information.