cjtammy
Returning Member

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?