Electronic filing guidelines for 1120 Screen 4562
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Hide expandable textThe IRS requires that you enter the following information in the following sections of Screen 4562.
Part III - Depreciation for Current Year Additions
The Convention fields in this section require the following entries. Any other entry in these fields causes 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 dialog for the Property used less than 50% field requires the following entries. Any other entry in this column causes 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 |
Tip: For details on other input screens and their corresponding guidelines for creating IRS-acceptable electronic files, see the following topics.
- 1120 IRS filing deadlines & electronic filing information
- Electronic filing FAQs
- Electronic filing guidelines for 1120 Screen 4562
- Configuring UltraTax CS for 1120 electronic returns overview
- Entering data for 1120 electronic returns overview
- Creating the 1120 electronic file and correcting errors overview
- UltraTax/1120 electronic filing overview
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