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mackanita
New Member

How much longer before the depreciation and amortization for the sale of my rental property can be put into Turbo Tax program?

The program is telling me "be ready by February" but I have nothing yet on 02/08/2025
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3 Replies
SharonD007
Employee Tax Expert

How much longer before the depreciation and amortization for the sale of my rental property can be put into Turbo Tax program?

Although the forms availability table indicates that Form 4562 is ready to e-file, the final update for depreciation calculations for Schedule E Rentals  has not been released yet. The updates for Schedule E Rentals should be available the software should be updated after 02/11/26, but our tech team is working hard to have those updates before that date.

 

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mackanita
New Member

How much longer before the depreciation and amortization for the sale of my rental property can be put into Turbo Tax program?

I am still waiting to be able to finish my taxes and put in the sale of my rental property with the depreciation and your program still has not gotten the update. 

How much longer.

You keep putting it off more and more.

MonikaK1
Employee Tax Expert

How much longer before the depreciation and amortization for the sale of my rental property can be put into Turbo Tax program?

I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.


 

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