When will depreciation be ready

Forum|Forum|4 months ago
February 13, 2026
3 replies
30 views

No one seems to know besides "Sometime in Feb...probably...maybe...hopefully"

TurboTax Premier Online

baldietax

Level 12

many threads on this now hard to follow as everyone is just freaking out, the latest from Intuit reps in this forum I've seen was hopefully a release this weekend but they can't give firm date for the release.

https://ttlc.intuit.com/community/taxes/discussion/re-will-depreciation-and-amortization-be-ready-soon/01/3775340#M1402948

Monikak11

Level 2

I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.

@BigThunderChunky

@baldietax

BigThunderChunkyAuthor

Level 2

Thanks for the update @Monikak11. Can we be 100% confident that this will be the actual delivery date. It seems this date has been moved several times.

RachelW33

Alumni - Expert

Form 4562 is now updated for Schedule E and ready to use in TurboTax

Please make sure you have the latest updates and walk through that section again.

Updates in TurboTax Online are automatic.

If you are using TurboTax Desktop, please follow these steps:

Log-in to TurboTax Desktop
Select Online from the top left bar menu
Choose Check for Updates
Choose Ok

@BigThunderChunky

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SStern

Level 2

It's February 24th, and the depreciation section is still not working. I paid for online help this past weekend, and after help was told that apparently, it's not yet ready. Any idea when it will be ready?

LeticiaF1

Level 12

As RachelW33 mentioned, Form 4562 is now updated for Schedule E. Follow the steps she provided above to file your return.

If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.

@SStern

SStern

Level 2

I have never used Turbo Tax for my taxes with a rental property. I've been having my taxes done professionally for years. Turbo Tax does not work when you let it guide you through the Assets/Depreciation. I answered yes to did you buy any items that cost $2500 or less in 2025. I then answered Yes to both questions on the next screen. Then yes to every item I bought costs $2500 or less. At that point Turbo tax just quits and goes back to the review page.

I paid for the Live Tax Advice this weekend. The expert that I spoke with took control of my screen and also determined that Turbo tax was not working. There have been no updates since we spoke.

I tried opening form 4562 and it asked for the name of my farm. Shouldn't turbo tax guide me through this process? I want to write off a dishwasher and enter in past depreciation.

Are you saying Turbo tax is not going to guide me through the process?