psheegog
New Member

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?