Form 4562 required?
I own a travel trailer camper that I use for my carpentry business more than 50% of the time. I have always documented my depreciation on Form 4562, part v, line 26 for listed property. I opted to use a straight line half year depreciation over a five-year depreciation period. It’s a 2015 model that I bought new for personal use in 2015 and put the camper in service for business use in 2018. Recently I engaged a CPA to review and electronically file my belated 2020 tax return for me. I had already filled out the forms which I provided to her. I am a super neurotic engineer, so I don’t think she found any math errors on my forms. The first draft of my return that she provided as ‘ready for filing’ contained nine corrections that I identified, five of which were careless errors on her part, and two of which were incorrect assumptions she made without asking me to clarify. I lost a lot of faith in her based on all the careless errors because she did not backcheck what her software output compared to my forms. After she made the corrections, the second version did not include form 4562. I asked about it, and she said it’s not necessary. I stated that I believe my camper is listed property as it lends itself to recreational use and in fact, I do use it some recreationally. She said it has to do with the depreciation method that since we’re not taking accelerated depreciation form 4562 is not required. I am skeptical. Please advise.
