Drake Tax - 4562: Not Printing

Article #: 11419

Last Updated: October 21, 2024

 


Tags: Drake Tax

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Form 4562 is not producing

Common reasons this form does not produce:

  • The IRS does not require this form if no assets were purchased in the current tax year.

  • If the taxpayer purchased and sold in the same year, the form is not produced.

Important  You cannot depreciate an item bought and sold in the same year or over a period of time less than a year.

If you want to print the 4562 when it is not required, you can adjust the setting in Setup > Options > Form & Schedule Options. If you want to print the 4562 just for one return, go to the PRNT screen and select Print 4562.