daniela1996m
New Member

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.

 
tagteam
Level 15

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.

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