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Turbotax Business federal assets worksheet (form 4652) error

I got errors for assets that I placed in 2018 and 2023. It is said that that is not qualified for special depreciation allowance.  Went back to turbotax 2023 and turbo tax suggest that my assets is qualify. Turbotax2023 did not report any mistake. Turbotax 2024 imported information and did not report any mistake . I imported this year information from Turbotax2024  and got information that my assets that I paced in 2018 and 2023  are not qualified  for Special depreciation.  Can you please help. 

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4 Replies
RobertB4444
Employee Tax Expert

Turbotax Business federal assets worksheet (form 4652) error

You can't take special depreciation for those assets in any year except the year in which they are placed in service.  So the special depreciation allowance for them was in 2018 and 2023.  There is no special depreciation allowance for them in 2025.

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Turbotax Business federal assets worksheet (form 4652) error

I did not take special depreciation in 2025. TurboTax 2025 imported information about my asset from previous return. I did not do anything. It is TurboTax 2025 reporting error for something that is not error. Turbo tax  Federal asset form or error check need update. 

Turbotax Business federal assets worksheet (form 4652) error

Having the exact same problem!!! 

AnnetteB6
Employee Tax Expert

Turbotax Business federal assets worksheet (form 4652) error

The work on this section of TurboTax is continuing and expected to be completed with an update coming after Thursday night.  The best time to check for a change will be Friday.

 

@user17703968169 

@awfrisco 
 

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