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Business form 4562 error

I am getting the attached error, but I am unable to uncheck that box.  Moreover, I believe that this asset (computer) qualifies for the 100% special depreciation allowance in 2025.  Finally, I will note that the software was not giving me an error on this last week.  It started giving me an error this week after the product update.  Any suggestions?  Thanks a lot.

error 2.png

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9 Replies

Business form 4562 error

Providing more detail here...  I am using TurboTax Business desktop app on Windows. I purchased a laptop in 2025. I cannot take the Section 179 deduction because my business had a loss in 2025. However, I can take the Special Depreciation Allowance. The step-by-step instructions say that I qualify for the Special Depreciation Allowance. However, during the error check process, I am getting the attached error, which says that this asset (computer) does not qualify for the Special Depreciation Allowance, even though the step-by-step instructions said that I do. Moreover, the app is not even letting me uncheck the box. So in summary, it tells me I qualify, then the error tells me I don't qualify, instructs me to uncheck, but it does not let me uncheck. I am pretty sure there is something wrong with the code/algorithm. Any suggestions?  Thanks a lot.

ttbz123
New Member

Business form 4562 error

I had the same problem with 2025 Turbotax Business. Looks like there was a update for the Turbotax Pro-Series to fix the problem. Just wondering when it will be fixed for Turbotax Business.

 

Special Depreciation allowance error in asset entry from previous years 

 

 

Business form 4562 error

Thank you, appreciate the response.  I just sent a reply to that other thread you sent and asked if they know when this will be fixed in the TurboTax 2025 Business Desktop version for Windows.  

Business form 4562 error

Also experiencing this weird error for carry forward item depreciation from 2024. Is there any fix for it?

Business form 4562 error

from this other thread - someone called customer support and indicated the problem will be resolved in 7 days (copy/paste - "Spoke with someone in customer support just now. It's a systemwide issue. They are working on a fix sometime in the next _7 days_.")https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/form-4562-special-dep...

Business form 4562 error

I received this reply in another thread - https://ttlc.intuit.com/community/taxes/discussion/re-i-am-using-turbotax-business-desktop-and-have-...

 

"We anticipate the more complex depreciation calculations within the software should be updated after February 13, 2026. These updates should include Special Depreciation carried over from prior years. Our tech team is working hard to release the updates before that date. "

 

Ugh, that is a long time to wait....

Business form 4562 error

Indeed.  And they say "should be updated AFTER February 13, 2026" (emphasis added).  So they are not even committing to fixing it by February 13, 2026.

youngwyo
New Member

Business form 4562 error

I have the same issue also with TurboTax Business Desktop on a new 2025 depreciation item for computer equipment attempting to take the 100% special depreciation deduction. I sure hope they can get this resolved before February 13th.  I have two returns waiting for this issue to be resolved before they can be submitted!

jburg202
New Member

Business form 4562 error

I agree 100%. It's ridiculous that it is taking so long to fix this error. It's the only thing that's preventing me from filing too.

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