E-file guidelines for the 4562 screen

The IRS requires that you enter the following information in the following sections of the 4562 screen.

Part III - Depreciation for Current Year Additions

Enter the following information in the
Convention
fields of this section. Entering any other information in these fields will cause the IRS to reject the return.
Entry
Part III, lines 19 & 20, column E convention
HY
Half year
MQ
Mid quarter
MM
Mid month

Part V - Listed Property

The Convention column in the statement window for the
Property used less than 50%
field needs the following entries. Any other entry in this column will cause the IRS to reject the return.
Entry
Part V, line 26, column G convention
HY
Half year
MQ
Mid quarter
MM
Mid month
PRE
ACRS

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