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Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

 Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax return and are 2021, 2022, and 2023 assets.

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7 Replies
RobertB4444
Employee Tax Expert

Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

The programming department is aware of this issue and working on a solution.  It is expected very soon.  There has been an update today that may fix the issue and if not then please check back next Thursday.

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Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

I am having the same problem with prior year Special Depreciation Allowance already taken and giving me the same error message (not qualified asset for SDA).  Mine was for 100% SDA taken in 2019 for fencing land improvements0 on rental real estate property.  Please keep me aware of TT softwsre fix status.

Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

Yes, I have the same problem for an asset that is clearly qualified, but it throws error on the asset.  Entry Worksheet.  This is just horrible software that is poorly written and poorly tested. Turbo Tax Business 2025 charge me 180.00 for this piece miserable written and tested software.  I would be embarrassed if I was on the development team to inflict this on the public. 

RobertB4444
Employee Tax Expert

Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

The update to fix this issue should be processed by tomorrow, February 12th.  Please log in on Friday to check and make certain that all updates have been applied.

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Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

I am not holding my breath waiting for an apology or partial refund from Turbo Tax for all the wasted time

DianeW777
Employee Tax Expert

Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

Use this link Sign up for email notification which will let you know when the depreciation/amortization will be ready to file.

 

@mikegarrity 


 

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Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

This is error was fixed with today's (2/13/26) Update!

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