Cognitive reappraisal is adaptive for decreasing symptoms of depression; however, a gap in the research is understanding the childhood processes that contribute to cognitive reappraisal in adolescence. This study examined executive function and frontal electroencephalogram (EEG) asymmetry during late childhood as predictors of adolescent cognitive reappraisal and depressive symptoms. Data were from 123 participants in late childhood (age 10) and adolescence (age 14.5). A moderated mediation model was fit to the data to examine frontal EEG asymmetry as a moderator in the relation between late childhood inhibitory control and adolescent cognitive reappraisal as well as adolescent cognitive reappraisal and adolescent depressive symptoms. Results indicated lower inhibitory control was associated with lower cognitive reappraisal when children had right frontal EEG asymmetry. Lower cognitive reappraisal in turn was associated with higher depressive symptoms for children with right frontal EEG asymmetry. Working memory and cognitive flexibility were also examined but were not significant indicators. Results suggest the potential for targeting inhibitory control and cognitive reappraisal to diminish depressive symptoms particularly among adolescents with right frontal EEG asymmetry.