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Will Depreciation and Amortization be ready soon?

yes agree, that email folks were told to sign up for, hasn't gone out yet for some reason...

Will Depreciation and Amortization be ready soon?

I have been able to proceed somewhat-- but the final depreciation amount is still not integrated and when I go to the final calculations I get  0.

I don't understand why Intuit doesn't respond to all these issues.

 

 

Your profit and loss results - rental and royalty income
$0.00
Your deductible losses
 
$0.00
What you will see on your 1040 at this point
PatriciaV
Employee Tax Expert

Will Depreciation and Amortization be ready soon?

All depreciation calculations and reports have been updated as of the software released on February 27, 2026. Please allow TurboTax Desktop to fully update when you restart. TurboTax Online automatically updates when you log into your return.

 

@jfjfa 

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Will Depreciation and Amortization be ready soon?

I rebooted my desktop-- I use the browser app.   And it still does not put in the depreciation-- or rather it does in the calculations and they are saved--- but in the overall totals it is blank and the software shows no profit or loss as mentioned previously.

 

So the problem is still not resolved.

MonikaK1
Employee Tax Expert

Will Depreciation and Amortization be ready soon?

Check to see if the net result of your rental activity is $0 for this year because you are subject to the limits on passive activity losses. See this tax tips article for more information.

 

Detailed calculation information in TurboTax Online can be found by navigating to

 

 Tax Tools > Tools > View Tax Summary > Preview My 1040 

 

to access the Form 1040 Worksheet. This worksheet, specifically the Tax Smart Worksheet located between lines 15 and 16, provides the in-depth, step-by-step calculations for your tax liability. 

 

If you are using the Online version, you will need to have paid for your product in order to see all of the worksheets.

 

If you are using an Online version of TurboTax, try these additional troubleshooting steps if needed: 

 

  • Check your Internet connection. Hardwired connections work best.
  • Try logging out and logging back in again.
  • Try using a different browser. Chrome generally works well; some users have found Edge works.
  • Try restarting your device.
  • Try clearing your cache and cookies.  

@jfjfa 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Will Depreciation and Amortization be ready soon?

I see Users are still having issues with Depreciation and Amortization in TT. I can confirm I finished my Taxes today with H&R Block, and filed with them. NO issues. 

This is my first time ever using H&R Block's software. It wasn't too bad. They had much clearer communications about software updates and less frustrated users as a result.  Based on the poor response regarding this thread, the fact that they still haven't sent the email that I signed up to get about being notified when the TT update was released and the Pricing compared to Turbo Tax I will likely use H&R block again next year. Goodbye Turbo Tax! I hope you learned a lesson from this failure to communicate to your customers in a clear and concise way. 

Will Depreciation and Amortization be ready soon?

You brought up a great point TURBOTAX NEVER EMAILED US when we signed up to be notified. To all the “experts” who replied to us saying arbitrary responses, for example “this is the link to sign up for notification”, it was worthless. We never received any notification that the feature was ready. Thank you so much for this post. Sharing our experiences may or may not matter for TurboTax. However, others can read our experience and hopefully avoid issues in the future, such as exploring different platforms. TaxAct is a great option to consider. Depreciation 4562 DELAYED Depreciation and Amortization Form 4562 DELAY 4562 not active yet why Need to expedite form 4562 amortization depreciation or otherwise use another platform 

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