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Form 4562

Hello,

 

I have TurboTax premium and investment property.

When will it be possible to enter data in form 4562?

We are 2 weeks from tax day and I still cannot file my taxes.

 

Thanks in advance.

Emmanuel

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3 Replies
PattiF
Expert Alumni

Form 4562

There is no single place in TurboTax to enter depreciable assets. See this TurboTax help article for more information about how Form 4562 is generated by the TurboTax software.

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Carl
Level 15

Form 4562

Assuming it's a rental property, all that stuff should already be there in the Assets/Depreciation section, unless 2021 is the first year you are renting out the property.

 

Form 4562

This reply from TT is very poor. I have used TT Deluxe for well over 20 years. One of the returns that I prepare has a Rental Property with multiple assets entered & depreciated over the years. But I am unable to complete that particular 1040, as I get this message below.  I'm not the only user with this issue - please see this thread:

 

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/depreciation-and-amor...

 

When is Intuit going to resolve this????? Better yet, will Intuit refund the cost of my 2021 TT Deluxe? 

 

TurboTax2021_Form4562Bug.PNG

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