3630137
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mposadas
New Member

There is an error on form 2106. As much as I go back to where the form gets it's information, it does not change it on the final review and it doesn't allow me to correct

The form is related to Maximum AMT allowed for depreciation. It should get fixed by changing Deductions & Credit but is not changing it.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
maglib
Level 10

There is an error on form 2106. As much as I go back to where the form gets it's information, it does not change it on the final review and it doesn't allow me to correct

@mposadas  did you override any depreciation methods on your return?

Are you using a desktop version?  Easiest to use. If you are go to forms mode and look for any form with a red exclamation point and try to repair from there.

 

If you are subject to AMT, you are normally better off actually depreciating assets longer term and not expensing them as most likely you don't get to take losses.

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
I am NOT an expert and you should confirm with a tax expert.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question