Knowledge Base

10111: 4562 - Do Not Use MACRS % Tables

Fed Returns Generally

What is the purpose of the “Do not use MACRS % tables” field on the 4562 detail screen?


Help for this field (press F1) provides this explanation:

  • An X in this field may produce results that differ from what the software would calculate using the MACRS tables in the appendix of Pub. 946, How to Depreciate Property.
  • An I is used for Qualified Indian Reservation Property.

Note: You can directly override system calculations by entering the amount you need in the Override regular depreciation field(s).

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