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Investors & landlords
@Pauldina wrote:
MichelleO, Thank you for your reply however, I have tried to manually update and I am still getting the message that the IRS has not finalized the tables/form yet. I then did call TurboTax and the representative told me to wait as TurboTax has not been able to update the depreciation and amortization forms/table for rental properties (schedule E). I am surprised by this given it is now approaching March 1st.
If this is incorrect please let me know what I can do, given the date. I was hoping to finish my taxes by now .
I am using the 2021 TurboTax Premier desktop CD/Download edition for Windows and have both a Form 4562 and the Depreciation and Amortization Report available in Forms mode.
Exactly what type of problem are you having with the rental property section of the program?