I have seen this posted in past years however I can not get past the error for "AMT dep allowed/allowable is too large"! I have an asset that is fully depreciated with Section 179 depreciation that we traded-in in 2024. Turbo tax looks like it is calculating an amount in line 40 and then adding it to the original basis which then creates an amount greater than line 51.
For example; original basis $37,563 purchased in 2021
Section 179 depreciation taken $37,563
Trade in 2024 for $27000 Turbo tax calculated the gain of $27000 (form 4797)
line 40 AMT depreciation deduction $3597
line 41 AMT adjustment -$3597
line 51 $37,563
line 52 $41,160- this is creating the error! Can not override that i see and unable to fix it any where that i can find
any help appreciated
