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vawendy
New Member

When will the assets portion for small businesses be ready?

I've completed the rest of my taxes, but I can't file, because I can't enter my equipment purchases. When will it be ready?

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3 Replies
KrisD15
Employee Tax Expert

When will the assets portion for small businesses be ready?

Form 4562 is being updated for recent tax changes and should be ready in February.

 

HERE is a link to use to sign-up to receive an email when Form 4562 is ready. 

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When will the assets portion for small businesses be ready?

But isn’t the form ready on the desk too version? 

PatriciaV
Employee Tax Expert

When will the assets portion for small businesses be ready?

Although the forms availability table indicates that Form 4562 is ready to e-file, the final update for depreciation calculations has not been released for either version of TurboTax.

 

We recommend that you wait a few days for additional updates to be released, which should resolve the experience you're having with Depreciation. If you're using TurboTax Desktop, be sure to allow the program to update each time you open your file.

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