I am still getting this notice, but I know that IRS has opened for filing today. And the IRS forms seem to be released already. Is anyone else still getting this message? And if not, can anyone tell me how to overcome this issue. I have already updated to latest version. And I also uninstalled and reinstalled.
Form 4562 has become available, as have most of the other forms related to depreciation and amortization.
Here's when forms become available from TurboTax.
It is a good idea to first clear your cache and cookies - which means removing all of the temporary programs that can gum up your web browser. If that doesn't work, try using a different web browser.
If that doesn't work I would recommend using the "Live Expert" help in the right upper corner to see if having someone walk you through helps.
Here is a link on how to clear your cache and cookies.
Here is a link to finding a TurboTax expert.
I'm using the download desktop version, so I think cookies do not apply right?
No, if you are using TurboTax Desktop the issue would not be cache and cookies. You may need to update your TurboTax Software.
If you're on a PC, open TurboTax and select Check for Updates from the Online menu near the top. On a Mac, simply quit and reopen TurboTax. If there are any updates, you'll be prompted to download them.
Tips:
I am using TurboTax Premier 2021 for PC. After entering all my Depreciation and Amortization rental asset information, when I return to that section to check my numbers, I get the dreaded "Under Construction" notice. No matter what I do, TurboTax will not let me go into that section and edit the numbers I already entered previously. I have tried all suggestions in this forum, including updating, uninstalling and reinstalling TurboTax, manually updating, but nothing seems to work. It simply will not let me back into the rental depreciation section. I already spent hours entering all the data, and the forms are definitely available according to this. What else can I do to get my data back? This is so frustrating!
I spoke to a customer service rep on the TurboTax hotline. She said that the depreciation IRS form is not officially released until the first of February. So I'm going to sit tight for a few more days and see if the construction signed gets lifted.
Thats all we can do is wait. Just because the IRS is opened for filing, and/or just because the printable/paper forms are available, does not mean the IRS has finalized and released the electronic version. On top of that, after they do release the approved electronic version of a form, it's not like they're "instantly" available in any tax reporting software. They may have to be finalized first, then released by the software developer/provider.
I see this practically every year with the depreciation forms. One reason I don't even bother starting my tax return until mid Feb at the earliest.
I see same notice as of Feb-19.
It seems to continue "Depreciation and Amortization Under Construction"
I confirm I have the same issue on 2/19. Frustrating. I also need a 1116 form, which is also not available. I am using the online version.
Please see this TurboTax Forms Availability list, which lists March 3, 2022, as the date Form 1116 will be available. You will see a notice within TurboTax that Depreciation is not fully functional until all related forms have been updated.
It may take longer for one form or another to show up in TurboTax for multiple reasons. Our goal is to provide you with the most accurate information possible. As part of this process, we communicate often with the taxing agencies.
[Edited 2/20/2022 | 7:15 am PST]
Thanks, @PatriciaV . I know it is off topic, but 1116 has been pushed back for weeks now. Yes, the current deadline is 3/3 but was 2/17 some time ago. As for the link you provided, it does not show such note as far as I can see, It says all 4562 stuff is available. Do you have an idea about when I could use that form?
Hi ngfg
I called Turbo Tax about my particular problem (only needing 4652) and they cited around Feb 26th. I'm not sure why why haven't updated their list to reflect this. But I can wait another week.
Yes, it appears Form 4562 is available for most depreciable assets. Are you still receiving a review message for this subject? If so, please provide the TurboTax version you are using and where you have assets for depreciation.
Hi @PatriciaV
Yes. I'm still receiving this "Under Construction" notice and I only need 4562. I'm using Home and Business Windows Download version.
@myracoon
@Anonymous
Although Form 4562 is listed as available, the depreciation section (calculations and reporting) is scheduled to be ready by February 26, 2022. We appreciate your patience.
I am using turbo tax from my browser, so I do not think it is a matter of version. Yes, i am still receiving that under construction message. It is about real estate in another country. Thank you.
Form 4562 is listed as available however, the depreciation section (calculations and reporting) is scheduled to be ready by February 26, 2022. We appreciate your patience.
@Anonymous
I am having the same issue since Feb 20. I have also contacted a tax expect wo said there should be no problem. Form 4562 was listed in the error message as not ready bit according to the IRS list and the TE, it is available. I spent over an hour with support with no solution other than to try it again tomorrow. e also contacted 2 tech support specialists who could not resolve the issue. So here I am today with the same message and still unable to see the numbers under depreciation. Filing to the IRS would have been completed by now but because if this I am in limbo. TT needs to step up and resolve this.
@PatriciaV , the software still shows the under construction message. Do you have an update? Thank you.
@PatriciaV I think what you're saying above is that TurboTax tied the Depreciation function into the availability of both 4562 and 1116. Like many people, I don't need 1116 and would love to have this function released for those who just need 4562. Could you pass this request on to your software team?
To others: do you know if TaxAct, TaxSlayer, HR Block have this functionality working?
Today is Feb 28 and still getting the same message. According to post it should have been ready on Feb 26. I only need Form 4562 so I don't understand the hangup. Someone stated TaxAct does not the issue, so should we switch to file or wait this out? As previously stated I sent a hour on phone first with a Tax Expert and the Tech Support, and neither had a solution. Their advice was to keep trying tomorrow; very sad to get that kind of response.
I dunno. I might have to switch over to TaxAct. It's only $35 for the online version for rental properties.
https://www.taxact.com/?version=022322g1&ref=none
I'll give it a few more days and see if Turbotax gets their act together.
Using TT Premier online. March 1 today and still getting same message about form 4562. I spent another hour on the phone with a TT agent with no help, no solution. Has anyone had any progress with this error? THis is very frustrating especially hearing that this section would be available, Feb 26,28 now March 3. Does anyone have a solution or helpful information? Some acknowledgement from TT would be appreciated but lacking.
I have this issue and another one with TT. I am giving up and switching to either TaxAct or OLT.com. Most likely the latter. I already have most of my federal return on them already. It was not difficult to switch, although none of the options have a questionnaire as thorough as TT. HR does not support one form I need and that is the reason I am not considering it. Good luck.