STEP 1 · ASSET INTAKE Enter property details, basis & § 179 elections

Prepare Form 4562 depreciation schedules under MACRS and Section 179 for business tax filings.

WP-101

Current-year asset additions

Edit any cell; every figure recomputes through the calculation engine. * required

Tax year WP-100

Convention

Client or entity

Taxable business income limit (line 11)

Total § 179 property placed in service (line 2)

Prior-year § 179 carryover (line 10)

Ref

Asset description *

Class *

Cost basis *

First-year total

Column totals (Asset level)

§ 179: - Bonus: - Year-1 MACRS: -

Line 11 business income limitation adjustment

Total depreciation & § 179 expense (Line 22)

Loading the workpaper…

STEP 2 · YOUR DEPRECIATION WORKPAPER Form 4562 line mapping & sign-off

Form 4562 · Line 22 - -

§ 179 limit: -
Phase-out: -
Line 5 limit: -
§ 168(k) rate: -

Preparer sign-off Pro

Preparer name Optional Draft print display · Clean unwatermarked PTIN stamp requires Pro

PTIN Optional Format P12345678 · Unlocks official preparer seal

Firm Optional Included on client workpaper

Depreciation and Amortization · Form 4562 support

MACRS first-year depreciation workpaper

Client: -
Return year: -
Convention applied: -
Prepared: -
Workpaper status: -

WP-102.1 Asset detail

Ref	Asset	Placed	Recovery	Cost	Sec. 179	Special allowance	Depreciable basis	Rate	MACRS	Year-1 deduction	Form line

WP-102.2 Form 4562 line mapping

Part I: Election to expense certain property under § 179
1	Maximum amount	-
2	Total cost of § 179 property placed in service	-
3	Threshold cost before reduction	-
4	Reduction in limitation	-
5	Dollar limitation for the tax year	-
6	Elected cost (non-listed property)	-
8	Total elected cost	-
9	Tentative deduction	-
10	Carryover of disallowed deduction from prior year	-
11	Business income limitation	-
12	§ 179 expense deduction	-
13	Carryover to next year	-

Parts II-IV: Special allowance, MACRS and summary
14	Special depreciation allowance (§ 168(k))	-
19a	3-year property -	-
19b	5-year property -	-
19c	7-year property -	-
19d	10-year property -	-
19e	15-year property -	-
19f	20-year property -	-
19h	Residential rental property -	-
19i	Nonresidential real property -	-
21	Listed property	-
22	Total: enter on the return's depreciation line	-

Part III amounts show the depreciable basis in small type beside each class; lines with no current-year entry stay blank (-).

WP-102.3 Review notes

WP-102.4 MACRS recovery projection Pro

Ref	Property	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6

Pro shows each asset's deduction for years 1-6 here and exports it as a recovery-year CSV, so next year's depreciation posts straight to the fixed-asset ledger.

WP-102.5 Preparation & review

Prepared by

Preparer PTIN

Preparer firm

Date signed

Reviewed by

Review date

Calculation and documentation aid only. Verify elections, eligibility, conventions, limits and every filed amount against current IRS instructions and client facts.

Hand the client a signed, clean copy

Pro prints this workpaper without the draft watermark, stamped with your name, firm and PTIN, plus the six-year recovery schedule. $49 per month, month-to-month: keep it only for the months you prepare returns.

Capability	Free	Pro
Full workpaper grid: § 179, bonus, MACRS	Unlimited	Unlimited
Line-by-line Form 4562 mapping	Included	Included
Raw CSV export	Included	Included
Client print	Watermarked draft	Clean copy, PTIN-signed
Six-year recovery projection	-	Included
Recovery schedule CSV	-	Included

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Form 4562 line mapping & sign-off