transfer problem 2024 asset information to 2025

the secure act · ‎March 25, 2026

It is now March 25 and again the TT software isn't transferring complete asset data from one year to the next. This problem has occurred in prior years, was fixed and then had to start return over. Why is this a problem every year? I don't have time to send the return file to the nonexistent TT IT people to look for corruption or some other reason to blame it on the user instead of the **bleep** software. Thank you.

DianeW777

As long as you have the 2024 tax return and the worksheets, you can enter your assets exactly as they appear into your 2025 tax return. It will go faster than you think and all of the data will be there for your tax return.

In TurboTax Desktop or TurboTax Online use the steps below to get started.

Search (upper right) > Type Schedule E or Schedule C (depending on your activity) > Click the Jump to.... link
Scroll to Assets and begin your entry for the assets that did not transfer

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the secure act

Not really a practical solution, is it. Recompiling huge amounts of data. This is a leasing company with around 300 assets currently, and around 3,000 historically. It's hard for me to figure how TT came up with this dumb response.

In addition to "simply" adding 300 assets, the history would be missing for depreciation, bonus, AMT, ACE and other fun items to recompute and input, plus the state data of the same assets with their own unique methods of depreciation, bonus, AMT and ACE. Ever try doing a California return?

This is the point: I've used TT since maybe 2005? When I see many users on the internet complaning about the same problems, it might behove TT to actually talk to one of them and fix the problem.