Form 4562

Department of the Treasury 

Internal Revenue Service 

Depreciation and Amortization 

(Including Information on Listed Property)

Attach to your tax return. 

Go to www.irs.gov/Form4562 for instructions and the latest information.

OMB No. 1545-0172

2023

Attachment 

Sequence No. 179

Name(s) shown on return Business or activity to which this form relates Identifying number

Part I Election To Expense Certain Property Under Section 179 

Note: If you have any listed property, complete Part V before you complete Part I.

1 Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 1

2 Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . 2

3 Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . . 3

4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . 4

5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing 

separately, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . 5

6 (a) Description of property (b) Cost (business use only) (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 . . . . . . 8

9 Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . 9

10 Carryover of disallowed deduction from line 13 of your 2022 Form 4562 . . . . . . . . . . . 10

11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions 11

12 Section 179 expense deduction. Add lines 9 and 10, but don’t enter more than line 11 . . . . . . 12

13 Carryover of disallowed deduction to 2024. Add lines 9 and 10, less line 12 . 13

Note: Don’t use Part II or Part III below for listed property. Instead, use Part V.

Part II 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 . . . . . . . . . . . . . . . . . . . . . . . 14

15 Property subject to section 168(f)(1) election . . . . . . . . . . . . . . . . . . . . 15

16 Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . 16

Part III 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 . . . . . . . 17

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 . . . . . . . . . . . . . . . . . . . . . . .

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

g 25-year property 25 yrs. S/L

h Residential rental 27.5 yrs. MM S/L

property 27.5 yrs. MM S/L

i Nonresidential real 39 yrs. MM S/L

property MM S/L Section C—Assets Placed in Service During 2023 Tax Year Using the Alternative Depreciation System 

20a Class life S/L

b 12-year 12 yrs. S/L

c 30-year 30 yrs. MM S/L

d 40-year 40 yrs. MM S/L

Part IV Summary (See instructions.)

21 Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . 21

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 . 22

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 Form 4562 (2023)
Form 4562 (2023) Page 2 

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? Yes No 24b If “Yes,” is the evidence written? Yes No

(a) 

Type of property (list

vehicles first)

(b) 

Date placed 

in service

(c) 

Business/

investment use

percentage

(d) 

Cost or other basis

(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. 

30 Total business/investment miles driven during 

the year (don’t include commuting miles) .

(a) 

Vehicle 1

(b) 

Vehicle 2

(c) 

Vehicle 3

(d) 

Vehicle 4

(e) 

Vehicle 5

(f) 

Vehicle 6

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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes No

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 Amortization

(a) 

Description of costs

(b) 

Date amortization

begins

(c) 

Amortizable amount

(d) 

Code section

(e) 

Amortization

period or

percentage

(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 . . . . . . . . . . . . . 43 

44 Total. Add amounts in column (f). See the instructions for where to report . . . . . . . . 44 

Form 4562 (2023)