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What is "regular depreciation" (numbers 45-52) on the asset entry worksheet? I claimed an iphone 11 and I'm not sure what type of depreciation it is.
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June 19, 2020
8:29 AM
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Business & farm
Without engaging in an inordinately long post, suffice it to say that the program should guide you through the appropriate responses with respect to the depreciation deduction on the phone.
In a nutshell, there is "regular depreciation" and "AMT depreciation" and the latter most likely does not come into play in your circumstance.
June 19, 2020
11:18 AM
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