Form 4562 - Depreciation - Election To Expense Certain Property Under Section 179

Sep 19, 2026

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Early release draft of IRS Form 4562 covering depreciation, including guidance for listed property and other depreciation categories. The text explains that drafts are for information only and should not be filed, describes how revisions are posted until official release, and references IRS resources and comment procedures. The form layout includes sections and line items for the Section 179 election, special depreciation allowance, and MACRS depreciation, with specific instructions about when to complete Part V versus other parts.

LanguageEnglish

CategoryForms

FormatPDF

Pages4

Reading Time2 min

AccessFree to download

Draft notice and filing instructions

Treasury/IRS and OMB use only draft

Form 4562 heading and required attachments

Part I - Election to expense under Section 179

Part II - Special depreciation allowance and other depreciation

Part III - MACRS depreciation

Guidance for listed property

Note: The draft you are looking for begins on the next page. Caution: DRAFT—NOT FOR FILING This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information. Do not file draft forms. We incorporate all significant changes to forms posted with this coversheet. However, unexpected issues occasionally arise, or legislation is passed—in this case, we will post a new draft of the form to alert users that changes were made to the previously posted draft. Thus, there are never any changes to the last posted draft of a form and the final revision of the form. Forms and instructions are subject to OMB approval before they can be officially released, so we post drafts of them until they are approved. Drafts of instructions and pubs usually have some additional changes before their final release. Early release drafts are at [IRS.gov/DraftForms](IRS.gov/DraftForms and)[ and](IRS.gov/DraftForms and) remain there after the final release is posted at [IRS.gov/LatestForms](IRS.gov/LatestForms. Also see)[. Also see](IRS.gov/LatestForms. Also see) [IRS.gov/Forms](IRS.gov/Forms). Most forms and publications have a page on [IRS.gov:](IRS.gov:) [IRS.gov/Form1040](IRS.gov/Form1040 for)[ for](IRS.gov/Form1040 for)[ ](IRS.gov/Form1040 for)Form 1040; [IRS.gov/Pub501](IRS.gov/Pub501) for Pub. 501; [IRS.gov/W4](IRS.gov/W4 for Form W-4)[ for Form W-4](IRS.gov/W4 for Form W-4); and [IRS.gov/ScheduleA](IRS.gov/ScheduleA for Schedule A)[ for Schedule A](IRS.gov/ScheduleA for Schedule A) (Form 1040), for example, and similarly for other forms, pubs, and schedules for Form 1040. When typing in a link, type it into the address bar of your browser, not a Search box on [IRS.gov](IRS.gov). If you wish, you can submit comments to the IRS about draft or final forms, instructions, or pubs at [IRS.gov/FormsComments](IRS.gov/FormsComments. Include)[. Include](IRS.gov/FormsComments. Include) “NTF” followed by the form or pub number (for example, “NTF1040”,“NTFW4”, “NTF501”, etc. ) in the body of the message to route your message properly. We cannot respond to all comments due to the high volume we receive and may not be able to consider many suggestions until the subsequent revision of the product, but we will review each “NTF”message. If you have comments on reducing paperwork and respondent (filer) burden, with respect to draft or final forms, please respond to the relevant information collection through the Federal Register process; for more info, click here. DRAFT — DO NOT FILE TREASURY/IRS AND OMB USE ONLY DRAFT Department of the Treasury Internal Revenue Service Depreciation (Including Information on Listed Property) Attach to your tax return. [Go to](Go to www.irs.gov/Form4562 for)[ www.irs.gov/Form4562](Go to www.irs.gov/Form4562 for)[ for](Go to www.irs.gov/Form4562 for) instructions and the latest information. OMB No. 1545-0172 2026 ASacqumnceentNo. 179 Name(s) shown on return Business or activity to which this form relates Identifying number Form 4562 Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. Part I | 1 Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . .
2 Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . .
3 Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . .
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter-0- . . . . . . . . .
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter-0- . If married filing separately, see instructions | | | 1 | | | --- | --- | --- | --- | --- | | | | | 2 | | | | | | 3 | | | | | | 4 | | | | | | 5 | | | 6 (a) Description of property | (b) Cost (business use only) | (c) Elected cost | | | | | | | | | | | | | | | | 7 Li

FAQs

Is the provided Form 4562 draft allowed to be filed with a tax return?

No. The document states it is a draft and “DRAFT—DO NOT FILE,” and also says drafts are provided for information only.

What does Form 4562 cover?

It covers depreciation, including rules related to listed property and the election to expense certain property under Section 179, plus special depreciation allowance and MACRS depreciation categories.

When should listed property be handled in the form?

The document instructs that if you have listed property, you should complete Part V before completing Part I, and it notes not to use Part II or Part III below for listed property.

Sep 19, 2026

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