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Will Depreciation and Amortization be ready soon?

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9 Replies
DaveF1006
Employee Tax Expert

Will Depreciation and Amortization be ready soon?

To clarify, what TurboTax product are you working in, and what are you depreciating?

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Will Depreciation and Amortization be ready soon?

I keep getting this message Depreciation and Amortization will be ready by February, but likely sooner when trying to enter assets in my Self-employment income and expenses I just wanted to know when will it be available 

 

tsharke
New Member

Will Depreciation and Amortization be ready soon?

I am having the same issue. Is there an ETA when it will be available.  February is very Vague. 

 

PatriciaV
Employee Tax Expert

Will Depreciation and Amortization be ready soon?

The exact date when a form or section will be updated is not available. Be reassured that TurboTax is updated with new releases every night. Your best option is to move on to other topics or give TurboTax a few days to update the schedule you're waiting for. Here's the link to sign up to be notified by email when the update is released.

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Will Depreciation and Amortization be ready soon?

but dang.....this is the only thing left for me to wrap up my taxes and I so looked forward to logging in on 2/1 to complete my taxes.....but alas....the note "Depreciation and Amortization will be ready by February, but likely sooner" was inaccurate. 😥

 

Will Depreciation and Amortization be ready soon?

any updates? It's February... still same message

CatinaT1
Employee Tax Expert

Will Depreciation and Amortization be ready soon?

Form 4562 is only ready for Schedule C and F. The Schedule E area is currently being updated. 

 

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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Will Depreciation and Amortization be ready soon?

It says "Depreciation and Amortization will be ready by February."  Hopefully turbo tax is better with numbers than it is with  English. 

Will Depreciation and Amortization be ready soon?

Dissappointed in Inuit. They should have a team of people getting this update out quicker! We're all just sitting around waiting for them to push this update out.

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