Get your taxes done using TurboTax

AbrahamT · ‎February 7, 2023

See here, this is how it would be entered.

Following this, you'll see this screen

Hit edit, then you get to this screen

And then finally to this screen which will give you the option to amortize of fully deduct.

Section 59(e)(2) expenditures can be taken in full in the current year for regular tax purposes. However, they have to be amortized over a certain amount of time for AMT. If no type code is selected, the default is mining costs. For AMT purposes, mining costs are required to be amortized over 10 years. @atrabul

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