TurboTax wants me to enter "AMT Prior Depreciation" for my vehicle and I'm very confused about what this unit should be. Is it asking me for:
1) the actual yearly straight-line depreciation deduction (basis x 0.20)
2) the basis value itself (maximum possible depreciation), or
3) the value minus straight-line depreciation (basis x 0.80)?
My example: I purchased a vehicle in 2022 for $12,900. It was valued at $11,500 when put into service. Should my AMT prior depreciation (or AMT depreciation) be:
1) 2,300
2) 11,500
3) 9,200
Or none of these? It's very confusing. I've read almost every other post on here about AMT depreciation and they are not clear or helpful at all.
