4562(Including Information on Listed Property)
Department of the Treasury
Internal Revenue Service
Attach to your tax return.
Go to www.irs.gov/Form4562 for instructions and the latest information.
Form
Depreciation and Amortization
Name(s) shown on return
Part I
1
2
3
4
5
OMB No. 1545-0172
Identifying number
Business or activity to which this form relates
Election To Expense Certain Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part I.
Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . .
Total cost of section 179 property placed in service (see instructions)
. . . . . . . . . . .
Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . .
Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . .
Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing
separately, see instructions . . . . . . . . . . . . . . . . . . . . . . . . .
6
(a) Description of property
(b) Cost (business use only)
5
8
9
10
11
12
Special Depreciation Allowance and Other Depreciation (Don’t include listed property. See instructions.)
14 Special depreciation allowance for qualified property (other than listed property) placed in service
during the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . .
15 Property subject to section 168(f)(1) election . . . . . . . . . . . . . . . . . . . .
16 Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . .
Part III
1
2
3
4
(c) Elected cost
7 Listed property. Enter the amount from line 29 . . . . . . . . .
7
8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7
. . . . . .
9 Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . .
10 Carryover of disallowed deduction from line 13 of your 2022 Form 4562 . . . . . . . . . . .
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions
12 Section 179 expense deduction. Add lines 9 and 10, but don’t enter more than line 11 . . . . . .
13
13 Carryover of disallowed deduction to 2024. Add lines 9 and 10, less line 12
.
Note: Don’t use Part II or Part III below for listed property. Instead, use Part V.
Part II
2023
Attachment
Sequence No. 179
14
15
16
MACRS Depreciation (Don’t include listed property. See instructions.)
Section A
17 MACRS deductions for assets placed in service in tax years beginning before 2023 . . . . . . .
18 If you are electing to group any assets placed in service during the tax year into one or more general
asset accounts, check here . . . . . . . . . . . . . . . . . . . . . . .
17
Section B—Assets Placed in Service During 2023 Tax Year Using the General Depreciation System
(a) Classification of property
(b) Month and year
placed in
service
(c) Basis for depreciation
(business/investment use
only—see instructions)
(d) Recovery
period
(e) Convention
(f) Method
(g) Depreciation deduction
19a 3-year property
b 5-year property
c 7-year property
d 10-year property
e 15-year property
f 20-year property
25 yrs.
S/L
g 25-year property
27.5 yrs.
MM
S/L
h Residential rental
27.5 yrs.
MM
S/L
property
39 yrs.
MM
S/L
i Nonresidential real
MM
S/L
property
Section C—Assets Placed in Service During 2023 Tax Year Using the Alternative Depreciation System
S/L
20a Class life
12 yrs.
S/L
b 12-year
30 yrs.
MM
S/L
c 30-year
40 yrs.
MM
S/L
d 40-year
Part IV
Summary (See instructions.)
21 Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . .
22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter
here and on the appropriate lines of your return. Partnerships and S corporations—see instructions .
23 For assets shown above and placed in service during the current year, enter the
portion of the basis attributable to section 263A costs . . . . . . . . .
23
For Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 12906N
21
22
Form 4562 (2023)
Page 2
Form 4562 (2023)
Part V
Listed Property (Include automobiles, certain other vehicles, certain aircraft, and property used for
entertainment, recreation, or amusement.)
Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a,
24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable.
Section A—Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.)
24a Do you have evidence to support the business/investment use claimed?
24b If “Yes,” is the evidence written?
Yes
No
Yes
No
(c)
(a)
(b)
Business/
(d)
Type of property (list Date placed
investment use Cost or other basis
vehicles first)
in service
percentage
(e)
Basis for depreciation
(business/investment
use only)
(f)
Recovery
period
(g)
Method/
Convention
(h)
Depreciation
deduction
(i)
Elected section 179
cost
25 Special depreciation allowance for qualified listed property placed in service during
the tax year and used more than 50% in a qualified business use. See instructions .
25
26 Property used more than 50% in a qualified business use:
%
%
%
27 Property used 50% or less in a qualified business use:
S/L –
%
S/L –
%
S/L –
%
28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 .
28
29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 . . . . . . . . . . . .
29
Section B—Information on Use of Vehicles
Complete this section for vehicles used by a sole proprietor, partner, or other “more than 5% owner,” or related person. If you provided vehicles
to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.
(a)
(b)
(c)
(d)
(e)
(f)
Vehicle 1
Vehicle 2
Vehicle 3
Vehicle 4
Vehicle 5
Vehicle 6
30 Total business/investment miles driven during
the year (don’t include commuting miles) .
31 Total commuting miles driven during the year
32 Total other personal (noncommuting)
miles driven
. . . . . . . . .
33 Total miles driven during the year. Add
lines 30 through 32 . . . . . . .
34 Was the vehicle available for personal
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
use during off-duty hours? . . . . .
35 Was the vehicle used primarily by a more
than 5% owner or related person? . .
36 Is another vehicle available for personal use?
Section C—Questions for Employers Who Provide Vehicles for Use by Their Employees
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren’t
more than 5% owners or related persons. See instructions.
37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by
your employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your
employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners . .
39 Do you treat all use of vehicles by employees as personal use?
. . . . . . . . . . . . . . . .
40 Do you provide more than five vehicles to your employees, obtain information from your employees about the
use of the vehicles, and retain the information received? . . . . . . . . . . . . . . . . . . .
41 Do you meet the requirements concerning qualified automobile demonstration use? See instructions . . . .
Note: If your answer to 37, 38, 39, 40, or 41 is “Yes,” don’t complete Section B for the covered vehicles.
Part VI
Yes
No
Amortization
(a)
Description of costs
(b)
Date amortization
begins
(c)
Amortizable amount
(e)
Amortization
period or
percentage
(d)
Code section
(f)
Amortization for this year
42 Amortization of costs that begins during your 2023 tax year (see instructions):
43 Amortization of costs that began before your 2023 tax year . . . . . .
44 Total. Add amounts in column (f). See the instructions for where to report .
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43
44
Form 4562 (2023)
4797
Form
Department of the Treasury
Internal Revenue Service
Sales of Business Property
OMB No. 1545-0184
(Also Involuntary Conversions and Recapture Amounts
Under Sections 179 and 280F(b)(2))
2023
Attach to your tax return.
Go to www.irs.gov/Form4797 for instructions and the latest information.
Attachment
Sequence No. 27
Identifying number
Name(s) shown on return
1a
Enter the gross proceeds from sales or exchanges reported to you for 2023 on Form(s) 1099-B or 1099-S (or
substitute statement) that you are including on line 2, 10, or 20. See instructions . . . . . . . . . .
1a
b
Enter the total amount of gain that you are including on lines 2, 10, and 24 due to the partial dispositions of
MACRS assets
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
c
Enter the total amount of loss that you are including on lines 2 and 10 due to the partial dispositions of MACRS
assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Part I
Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other
Than Casualty or Theft—Most Property Held More Than 1 Year (see instructions)
(a) Description
of property
2
(c) Date sold
(mo., day, yr.)
(b) Date acquired
(mo., day, yr.)
(e) Depreciation
allowed or
allowable since
acquisition
(d) Gross
sales price
(f) Cost or other
basis, plus
improvements and
expense of sale
3
Gain, if any, from Form 4684, line 39
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3
4
5
6
Section 1231 gain from installment sales from Form 6252, line 26 or 37 .
Section 1231 gain or (loss) from like-kind exchanges from Form 8824
.
Gain, if any, from line 32, from other than casualty or theft . . . . .
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4
5
6
7
Combine lines 2 through 6. Enter the gain or (loss) here and on the appropriate line as follows
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7
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(g) Gain or (loss)
Subtract (f) from the
sum of (d) and (e)
Partnerships and S corporations. Report the gain or (loss) following the instructions for Form 1065, Schedule K,
line 10, or Form 1120-S, Schedule K, line 9. Skip lines 8, 9, 11, and 12 below.
8
9
Individuals, partners, S corporation shareholders, and all others. If line 7 is zero or a loss, enter the amount
from line 7 on line 11 below and skip lines 8 and 9. If line 7 is a gain and you didn’t have any prior year section
1231 losses, or they were recaptured in an earlier year, enter the gain from line 7 as a long-term capital gain on the
Schedule D filed with your return and skip lines 8, 9, 11, and 12 below.
Nonrecaptured net section 1231 losses from prior years. See instructions . . . . . . . . . . . .
8
Subtract line 8 from line 7. If zero or less, enter -0-. If line 9 is zero, enter the gain from line 7 on line 12 below. If
line 9 is more than zero, enter the amount from line 8 on line 12 below and enter the gain from line 9 as a long-term
capital gain on the Schedule D filed with your return. See instructions
. . . . . . . . . . . . .
9
Part II
Ordinary Gains and Losses (see instructions)
10
Ordinary gains and losses not included on lines 11 through 16 (include property held 1 year or less):
11
Loss, if any, from line 7
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11 (
12
13
14
Gain, if any, from line 7 or amount from line 8, if applicable .
Gain, if any, from line 31 . . . . . . . . . . .
Net gain or (loss) from Form 4684, lines 31 and 38a . . .
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12
13
14
15
16
17
Ordinary gain from installment sales from Form 6252, line 25 or 36
Ordinary gain or (loss) from like-kind exchanges from Form 8824 .
Combine lines 10 through 16
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15
16
17
18
For all except individual returns, enter the amount from line 17 on the appropriate line of your return and skip lines
a and b below. For individual returns, complete lines a and b below.
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a If the loss on line 11 includes a loss from Form 4684, line 35, column (b)(ii), enter that part of the loss here. Enter the loss
from income-producing property on Schedule A (Form 1040), line 16. (Do not include any loss on property used as an
employee.) Identify as from “Form 4797, line 18a.” See instructions . . . . . . . . . . . . . . .
18a
b Redetermine the gain or (loss) on line 17 excluding the loss, if any, on line 18a. Enter here and on Schedule 1
(Form 1040), Part I, line 4
. . . . . . . . . . . . . . . . . . . . . . . . . .
18b
For Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 13086I
)
Form 4797 (2023)
Page 2
Form 4797 (2023)
Part III
19
Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255
(see instructions)
(a) Description of section 1245, 1250, 1252, 1254, or 1255 property:
(b) Date acquired
(mo., day, yr.)
(c) Date sold
(mo., day, yr.)
Property C
Property D
A
B
C
D
Property A
These columns relate to the properties on lines 19A through 19D.
20
21
22
23
Gross sales price (Note: See line 1a before completing.) .
Cost or other basis plus expense of sale . . . . .
Depreciation (or depletion) allowed or allowable
. .
Adjusted basis. Subtract line 22 from line 21. . . .
20
21
22
23
24
25
a
b
Total gain. Subtract line 23 from line 20 . . .
If section 1245 property:
Depreciation allowed or allowable from line 22 .
Enter the smaller of line 24 or 25a
. . . .
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24
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25a
25b
If section 1250 property: If straight line depreciation was used,
enter -0- on line 26g, except for a corporation subject to section 291.
a Additional depreciation after 1975. See instructions .
26a
b Applicable percentage multiplied by the smaller of line
24 or line 26a. See instructions
. . . . . . .
26b
c Subtract line 26a from line 24. If residential rental property
or line 24 isn’t more than line 26a, skip lines 26d and 26e
d Additional depreciation after 1969 and before 1976
.
e Enter the smaller of line 26c or 26d . . . . . .
f Section 291 amount (corporations only) . . . . .
g Add lines 26b, 26e, and 26f
. . . . . . . .
26c
26d
26e
26f
26g
Property B
26
27
If section 1252 property: Skip this section if you didn’t
dispose of farmland or if this form is being completed
for a partnership.
a
b
c
28
Soil, water, and land clearing expenses . . . . .
Line 27a multiplied by applicable percentage. See instructions
Enter the smaller of line 24 or 27b . . . . . .
If section 1254 property:
a Intangible drilling and development costs, expenditures
for development of mines and other natural deposits,
mining exploration costs, and depletion. See instructions
b Enter the smaller of line 24 or 28a
. . . . . .
29
27a
27b
27c
28a
28b
If section 1255 property:
a Applicable percentage of payments excluded from
income under section 126. See instructions . . .
b Enter the smaller of line 24 or 29a. See instructions
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29a
29b
Summary of Part III Gains. Complete property columns A through D through line 29b before going to line 30.
30
31
Total gains for all properties. Add property columns A through D, line 24 . . . . . . . .
Add property columns A through D, lines 25b, 26g, 27c, 28b, and 29b. Enter here and on line 13 .
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30
31
32
Subtract line 31 from line 30. Enter the portion from casualty or theft on Form 4684, line 33. Enter the portion from
other than casualty or theft on Form 4797, line 6 . . . . . . . . . . . . . . . . . . . .
32
Part IV
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Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less
(see instructions)
(a) Section
179
33
Section 179 expense deduction or depreciation allowable in prior years
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34
35
Recomputed depreciation. See instructions . . . . . . . . . . . . . .
Recapture amount. Subtract line 34 from line 33. See the instructions for where to report
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33
34
35
(b) Section
280F(b)(2)
Form 4797 (2023)
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