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Self employed
I'm having the same problem I have changed Schedule C line 49 to: my original cost less my prior Depreciation, I entered the same amount on line 50 AMT gain/loss basis. I then overrode line 51 depreciation allowed or allowable and line 52, AMT depreciable allowed or allowable to be less than the gain loss basis Line 49 & 50. after changes I still get the same 2 errors that the depreciation and AMT dep are still too large error. Both of these numbers are less than the loss/gain basis. and I'm still getting the error. Is there something else i need to do to correct these errors?
‎February 8, 2025
4:38 PM