Maybe this is too dumb a question, but I can't find this anywhere online., and have wasted way too much time on it, so here I am.
I've done my taxes on Tax Act for years, but am learning it'll be easier eventually doing it on paper. But, I am confused on how to fill out form 4562 with 3 rentals and multiple new assets at each.
I learned I just list my prior year depreciations as a sum on 4562. But, my question is when, like this year, I have multiple new assets that I put into service in 2015. The form only has one line for each classification. If I use a separate sheet for each I'll have like seven 4562's! I mean, for example, I have two 5 year items at one property. Two 15 year items at another.
Also, am I right in assuming I fill out a separate 4562 for each address?
The IRS instructions for this are either way too wordy or sorely lacking, when all I need are simple answers
Thanks for any help.