Import Form 4562 — Assets Flow Straight to the Balance Sheet
Your CPA already keeps a depreciation schedule that lists every asset, its basis, and its remaining life. TG360 imports Form 4562 so equipment, improvements, and depreciation show up on your balance sheet without hand entry.
One import, a real balance sheet
Farm balance sheets live and die on the asset list. Importing Form 4562 gives TG360 the same asset detail your tax preparer maintains — accurate cost basis, accumulated depreciation, and current book value.
What the import does
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Full asset list
Every asset on your 4562 lands in TG360's fixed asset register.
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Depreciation math preserved
Method, life, and accumulated depreciation carry over.
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Balance sheet ready
Assets, accumulated depreciation, and net book value populate on the balance sheet instantly.
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Stays in sync
Add a purchase or a trade-in, and depreciation and the balance sheet update together.
Assets in the app
Imported depreciation detail feeds the operation summary and cost reporting.
Frequently asked questions
- What does importing Form 4562 do?
- It seeds your depreciation schedule from the return your CPA already filed, so machinery, buildings, and equipment appear on the balance sheet with the correct basis and accumulated depreciation.
- Does it handle Section 179 and bonus depreciation?
- Yes. Section 179 elections and bonus depreciation are captured per asset and carried through to future-year schedules.
- Can I edit assets after import?
- Yes. Every asset is editable — description, basis, life, method — so trades and dispositions can be updated as they happen during the year.
- Do I need Form 4562 to use TG360?
- No, but importing it is the fastest way to get a lender-ready balance sheet on day one instead of rebuilding the depreciation schedule manually.
Explore related features
TG360 works best as a system. See what else pairs with this.
Schedule F Import
Pair your depreciation schedule with Schedule F for a complete tax-verified baseline.
Learn more →Farm Financial Statements
See depreciation flow into the Balance Sheet and P&L automatically.
Learn more →Lender-Ready Farm Financials
An accurate asset list is what makes the lender package tie out.
Learn more →Or see the full lineup on the features overview.