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Level 1
posted Feb 9, 2026 5:39:11 PM

Depreciation

On Rentals & Royalties -> Add Asset -> Depreciation -> Message states  "Depreciation and Amortization will be ready by February, but likely sooner". When this will be sorted out?

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1 Replies
Employee Tax Expert
Feb 9, 2026 5:54:44 PM

Although the forms availability table indicates that Form 4562 is ready to e-file, the final update for depreciation calculations within the software has not been released.

 

We anticipate the depreciation calculations within the software should be updated after February 13, 2026. Our tech team is working hard to release the updates before that date. 

 

Please be aware that this update will affect depreciation for Schedule E (Rental Properties) only. Schedule C (Self-Employment) was updated previously and should be working in all versions of TurboTax.