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New Member
posted Jun 4, 2019 9:26:50 PM

Turbo Tax is telling me that I am waiting on a form: Depreciation for Schedule C. However, I do not/am not depreciating anything in my return. How do I clear this out?

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1 Best answer
New Member
Jun 4, 2019 9:26:53 PM

If you entered any assets this year and took the 179 deduction  OR  has any assets being depreciated  from a prior year return then you do need the form so you will need to wait. 

4 Replies
New Member
Jun 4, 2019 9:26:53 PM

If you entered any assets this year and took the 179 deduction  OR  has any assets being depreciated  from a prior year return then you do need the form so you will need to wait. 

Level 10
Jun 4, 2019 9:26:54 PM

Do you have a business from a prior year? to remove those assets from your return you must close any old business as the IRS assumes you are still open until you dispose of all assets...

New Member
Jun 4, 2019 9:26:55 PM

It must be from a previous year, then. I'll look back and see how I entered in everything for the last year or so. Thank you.

Level 10
Jun 4, 2019 9:26:57 PM

Close your old business are marked the Schedule C as "Final".
Click on Business Income and Expenses (I'll Choose What to Work On)
Start/Update - Profit or Loss from Business
Three or four screens in is "Tell us about your business"
Check the Box "I sold (or disposed of) my business in 2017 and you will have to say how your assets were sold or disposed of.