topic Forms not ready (Depreciation for Schedule C) in Get your taxes done using TurboTax

Forms not ready (Depreciation for Schedule C)

revben32123 — Sat, 08 Feb 2020 22:15:34 GMT

Hey, Friends - I've been having an issue with Turbo Tax that hasn't been resolving. Mid January, I imported my info from Quickbooks self employed to TurboTax. Everything was working smoothly. When I got the the deductions section, I selected "Standard Deduction" when prompted. The next page said that this would reduce my takes by about $2,000. However, the figure at the top of my screen did not reflect this change.

Next, I completed more steps to see if this change would occur and if there was anything else I needed to do. At the end of the federal taxes section, I saw a notification that "A form was not ready yet". It was the "Depreciation for Schedule C" form. I selected the option to be notified when the form was ready.

I got the notification a few days later, and logged back in to complete the process and file taxes. But, I still got to the same page saying the form was not ready. Only now, there was not a date listed for when it would be ready like before.

So, I'm curious if anybody knows if...

1. There's anything else I need to do to make the standard deduction work and reduce my taxes

2. There's any info about when this form will become ready, or if there's anything I need to do.

Re: Forms not ready (Depreciation for Schedule C)

Crush — Thu, 05 Mar 2020 13:33:12 GMT

Were you ever able to find a solution to this? I am still having this problem and it is March.

Re: Forms not ready (Depreciation for Schedule C)

revben32123 — Fri, 06 Mar 2020 18:42:45 GMT

Nope - I ended up switching to another company called Tax Act. Was getting impatient and just wanted to get it over with. I had to enter all my info over there again, but it was a similar price and got the job done. Good luck!

Re: Forms not ready (Depreciation for Schedule C)

KrisD15 — Sat, 07 Mar 2020 14:51:05 GMT

Depreciation schedules are updated and ready to use in the TurboTax programs.

If you are using Desktop, please update the program.

How to update TurboTax