KrisD15
Expert Alumni

Deductions & credits

Yes

If you were subject to Alternative Minimum Tax, the depreciation for that tax year may have been reduced. 

If this was the case for you, yes, you will need to add those amounts of depreciation in place of what would have been the amount if not for AMT. 

 

"For AMT purposes, you generally must depreciate (deduct) business assets over a longer period of time than you can for regular tax purposes. This creates a difference between regular tax depreciation and AMT depreciation."

 

AMT

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