The SmartCheck message is saying that the depreciation amount is too high in comparison to what the vehicle is worth.
Try this first:
- Delete the vehicle.
- Add it back in with its original service date.
- Calculate your estimated depreciation per year based on miles used for business. You may need your Depreciation Reports from last year.
Other options:
- Go back to the sale of vehicle and delete any numbers in the AMT section.
- In Smart check, when the worksheet is displayed, right click on the field (Line 51 and/or Line 52). From the dropdown menu displayed, select "Override". You should then be able to enter any number that you want. However, do not enter an amount greater than the depreciable basis of the vehicle. If you've used the vehicle more than 5 years, the basis is zero.
@Dang83
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