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JoeT
Level 2

Depreciation adjustment calculation for INDIANA - WHEN IS IT GOING TO BE READY?

I received this message during the check of State Tax return:

Your Indiana tax return requires depreciation adjustment which has not been finalized. Do not file the return until this calculation is finalized in the upcoming release of TurboTax for Indiana.

Yes I checked https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_in_windows_individual.html and the forms in question have been available.  I checked a week ago when I first received this message and it was available then.   When is this issue going to get fixed?!!!!  Today is Monday 1/27/2020 and first got this message 1/20/2020.

4 Replies
KathrynG3
Expert Alumni

Depreciation adjustment calculation for INDIANA - WHEN IS IT GOING TO BE READY?

The issue should be resolved in the next release for TurboTax Indiana. Indiana amended their depreciation rules retroactively to January 1, 2019. Indiana does not conform with the federal treatment of bonus depreciation. Goto the Indiana Full-Year Residents site and click on the IT-40 Booklet to download the Indiana IT-40 Instructions. Then go to page 13 to learn more about the Add-Backs.

JoeT
Level 2

Depreciation adjustment calculation for INDIANA - WHEN IS IT GOING TO BE READY?

Your response didn't answer the question of WHEN IS THE NEXT RELEASE OF TURBOTAX INDIANA?  and yes, I've already downloaded the book you cited @KathrynG3 even before the original post.  If filling out that Indiana Schedule 1 form was easy and straight forward as copying of a line from my federal schedule C or 4562, I would have done that manually already.

 

The issue is: 1. I paid for software that isn't working.  2. The software knows there's an error and says don't file until next release of TurboTax Indian but fails to give a date or timeframe.  3. These are complicated depreciation calculations and the reason we buy the software is to make it so we answer the question the software prompts and it does the math and fills in the appropriate blanks in the forms. 4. If I buy TurboTax's audit defense and end up being audited, would AudiDefense still defend me if I entered the values manually?  Hence the reason I would appreciate an answer to my question of WHEN IS THE NEXT RELEASE OF TURBOTAX INDIANA that addresses the depreciation adjustment calculation?  It really is a simple question.

KathrynG3
Expert Alumni

Depreciation adjustment calculation for INDIANA - WHEN IS IT GOING TO BE READY?

Please verify that your device meets system requirements

 

Secondly, try a manual update--you may need to download your state again.

JoeT
Level 2

Depreciation adjustment calculation for INDIANA - WHEN IS IT GOING TO BE READY?

It's 2/3/2020.  TurbTax updated and Indiana was in that update.  It fixed the error the program had enabled me to file the return.  The info on the Schedule 1 form hadn't been changed with the update. But the error did go away.

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