Form 4562 Depreciation Calculator
Walk one asset through the federal first-year deduction order and see the amounts that feed Form 4562 Parts I, II, and III.
First-year deduction
$100,000Section 179 allowed
$25,000Bonus depreciation
$75,000What this tool covers
Calculation scope
- Uses the federal ordering required by Form 4562.
- Models one 3-, 5-, 7-, 10-, 15-, or 20-year asset.
- Shows remaining unrecovered basis after the first year.
Frequently asked questions
Who files Form 4562?
The IRS instructions require it in several situations, including property first placed in service, a Section 179 election, listed property, and certain vehicle depreciation claims.
Does this replace the official form?
No. It is a planning worksheet for one asset. The filed form can combine multiple properties, carryovers, listed-property details, amortization, and other adjustments.
What convention does the calculator use?
The regular MACRS remainder uses the half-year convention for personal property. If the mid-quarter test applies, use the official Form 4562 and Publication 946 tables.
Sources
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