moyo401
New Member

Get your taxes done using TurboTax

All of this happened right after I installed the latest update.  There clearly is a coding issue with turbotax business. And unable to efile was not the only bug in this update.  There was a message that popped up that said i have used all my efiles, which was flat out not true.  And also a problem with special depreciation deduction (new law in the big beautiful bill) which looks a lot like 179 depreciation deduction. In this case, the interview instructed that a new asset placed in service in 2025 was eligible for special depreciation, so i took it.  But in the federal final review, the interview gave an error that the asset was not eligible.  After looking at the IRS details/instructions, the asset was 100% eligible for the special depreciation, and hence the review was 100% wrong. But i could not file my business taxes until this was resolved.  In my desire to finalize the business taxes, i removed the special depreciation (took normal 7 yr for the asset) to allow me to file.  But of course error code 54 showed up.