Get your taxes done using TurboTax
After you enter your asset and go through all the steps of selecting special depreciation, worksheets will generate. Form 4562 has an AMT version of the depreciation. For most people regular depreciation and AMT depreciation are the same.
For property placed in service after 1998, if the 200% declining balance (DB) MACRS method is used for regular tax purposes, depreciation must be recalculated for AMT purposes using 150% DB MACRS. The difference between regular depreciation and this redetermined amount is an income adjustment subject to inclusion in Alternative Minimum Tax Income (AMTI).
