☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Apr 2, 2025 4:07:38 PM

Depreciation equivalent versus AMT equivalent

Should depreciation equivalent and AMT equivalent be the same amount when calculating cents per mile for business vehicles???

 

0 1 335
1 Replies
Expert Alumni
Apr 5, 2025 7:03:00 AM

Yes, if the amount being shown is only for the vehicle. The regular and AMT would be the same amount in this situation.  If you have more questions, please provide additional details so that we can be specific for your situation.