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AMT dep allowed/ allowable-1 is too large.Depreciation cannot exceed business basis.
I sold a business vehicle this year and I keep getting the following message for Check This Entry on my federal review: "Schedule C (*business name*) -- Car & Truck expenses worksheet (*car make and model*): AMT dep allowed/ allowable-1 is too large. For disposition calculations, depreciation cannot exceed business basis. Please see Tax Help for this field.
Anyone have ideas as to why this could be happening?
Anyone have ideas as to why this could be happening?
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‎June 6, 2019
5:00 AM