The latest update we received from the developers is that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th. Check TurboTax on Friday for the depreciation applications.
This has been an especially challenging season, due to late tax law and policy changes and losses in IRS staffing, which delayed getting all of the forms and instructions ready to deliver to software companies. IRS just issued guidance on additional first year depreciation in mid-January.
Also, you can sign up at this link to be notified via email. when the forms are ready to use in TurboTax.
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