PatriciaV
Expert Alumni

Get your taxes done using TurboTax

If you purchased this asset in the current tax year, TurboTax will calculate this amount for you. If you purchased the asset in a prior year, you should review your entries for this asset under the related activity Assets topic and enter the AMT amount on the Prior Depreciation page.

 

Any Special Depreciation Allowance you claimed in the past will appear on the Alternative Minimum Tax Depreciation Report that is included in your prior year PDF.

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