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when will depreciation and amortization be available in TurboTax Online Premium

I am trying to add capital investments to my rental properties but cannot yet
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PatriciaV
Expert Alumni

when will depreciation and amortization be available in TurboTax Online Premium

We anticipate the depreciation calculations within the software should be updated after February 13, 2026. Our tech team is working hard to release the updates before that date. Please be aware that this update will affect depreciation for Schedule E (Rental Properties) only. Schedule C (Self-Employment) was updated previously and should be working in all versions of TurboTax.

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when will depreciation and amortization be available in TurboTax Online Premium

I have the same problem for Turbo Tax Premier 2025.  I have installed the patch and also uninstalled and reinstalled the desktop software.  The depreciation feature doesn't work.  I get a message stating it's not ready yet.  But in other areas Turbo Tax help is stating it is ready.

when will depreciation and amortization be available in TurboTax Online Premium

It's not ready in the online version either.  

PatriciaV
Expert Alumni

when will depreciation and amortization be available in TurboTax Online Premium

We anticipate the depreciation calculations within the software should be updated after February 13, 2026. Our tech team is working hard to release the updates before that date. Please be aware that this update will affect depreciation for Schedule E (Rental Properties) only. Schedule C (Self-Employment) was updated previously and should be working in all versions of TurboTax.

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when will depreciation and amortization be available in TurboTax Online Premium

Finally, a response with actual information.  Very frustrating trying to find anything other than vague and generic AI answers.  I will calendar the date.

 

when will depreciation and amortization be available in TurboTax Online Premium

Any update on this? Has anyone been able to utilize this form on the desktop software yet?

MonikaK1
Expert Alumni

when will depreciation and amortization be available in TurboTax Online Premium

As posted earlier in this thread:

 

We anticipate the depreciation calculations within the software should be updated after February 13, 2026. Our tech team is working hard to release the updates before that date. Please be aware that this update will affect depreciation for Schedule E (Rental Properties) only. Schedule C (Self-Employment) was updated previously and should be working in all versions of TurboTax.

 

Also, you can sign up at this link to be notified via email. when the forms are ready to use in TurboTax.

 

@Slip113 

@user17697842097 

 

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when will depreciation and amortization be available in TurboTax Online Premium

Available AFTER February 13?  When?  I can do it manually.  How can I input to TurboTax desktop?

PatriciaV
Expert Alumni

when will depreciation and amortization be available in TurboTax Online Premium

You will need to wait until the updates are released to be sure your depreciation calculations conform to the new IRS rules. Manual entries will not circumvent the form hold for depreciation. These are IRS constraints. Please be reassured that our development team is working hard to release these updates as soon as possible.

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when will depreciation and amortization be available in TurboTax Online Premium

Thanks for advising that manual input is not possible.  However, that is NOT an IRS constraint.  Please advise when your system will allow me to complete my return.  Filing deadlines and penalties are US federal law “constraints”, that are enforced by the IRS. 

when will depreciation and amortization be available in TurboTax Online Premium

After February 13, 2026 is rather unclear. How many days after?

 

when will depreciation and amortization be available in TurboTax Online Premium

Unfortunately I've already moved on to a cheaper and more updated service.

 

Thank you for helping me the last 10+ years. 

when will depreciation and amortization be available in TurboTax Online Premium

Good morning.  Can you confirm whether or not the Depreciation and Amortization forms will be available tomorrow (February 13th)?

when will depreciation and amortization be available in TurboTax Online Premium

This is already quite late.  February 13th is pretty bad.  After that is unacceptable

CatinaT1
Expert Alumni

when will depreciation and amortization be available in TurboTax Online Premium

We are hoping by this weekend, if not before. We don't have a specific date.

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