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AMT Special Depr Allow
As I was finishing up my taxes I got hit with this banger. My best guess is that the value should be 80:
https://www.irs.gov/faqs/sale-or-trade-of-business-depreciation-rentals/depreciation-recapture/depre...
I bought a laptop in 2022. I remember adding it to my taxes last year. And I believe depreciation was setup over several years. This just popped up at the end of my tax submission in the review. It didn't ask me anything about the laptop this year. And I don't know where to find that info in TurboTax.
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March 8, 2024
3:55 PM