Do You Have To File Form 4562? Words you may need to know (see Glossary): Amortization Listed property Placed in service Standard mileage rate You must complete and attach Form 4562 to your tax return if you are claiming any of the following items. A section 179 deduction for the current year or a section 179 carryover from a prior year. See Part I of Form 4562. (See chapter 2 for information on the section 179 deduction.) Depreciation for property placed in service during the current year. See Part II of Form 4562. Depreciation on any vehicle or other listed property, regardless of when it was placed in service. See Part V of Form 4562. A deduction for any vehicle if the deduction is reported on a form other than Schedule C (Form 1040) or Schedule C-EZ (Form 1040). See Part V of Form 4562. Amortization of costs that began in the current year. See Part VI of Form 4562. Depreciation on any asset on a corporate income tax return (other than Form 1120S, U.S. Income Tax Return for an S Corporation) regardless of when it was placed in service. See Parts II and III of Form 4562. You must submit a separate Form 4562 for each business or activity on your return for which Form 4562 is required. Table 1 presents an overview of the purpose of the various parts of Form 4562. Employee. Do not use Form 4562 if you are an employee and you deduct job-related vehicle expenses using either actual expenses (including depreciation) or the standard mileage rate. Instead use either Form 2106 or Form 2106-EZ. Use Form 2106-EZ if you are claiming the standard mileage rate and you are not reimbursed by your employer for any expenses.