Tax Form 4562 is used to:
- Claim your deduction for depreciation and amortization,
- Make an election under section 179 to expense certain property, or
- Provide information on business/investment use of automobiles or other listed property
Except as otherwise noted, complete and file Form 4562 if you are claiming any of the following:
- Depreciation for property placed in service during the 2005 tax year
- A section 179 expense deduction (which may include a carryover from a previous year)
- Depreciation on any vehicle or other listed property (regardless of when it was placed in service)
- A deduction for any vehicle reported on a form other than Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business
- Any depreciation on a corporate income tax return (other than Form 1120S)
- Amortization of costs that begins during the 2005 tax year


