How do I fix this error? Schedule C (Ridesharing) -- Car & Truck Expenses Worksheet (2018 Jeep Compass): AMT dep allowed/allowable is too large. For disposition calculations, depreciation cannot ex

[MarilynG1]

Try leaving AMT Depreciation blank (or use same amount as Regular Depreciation).

You can't depreciate a vehicle more than it's worth (Basis).  This can happen if you've used your Business Vehicle for several years. 

Click this link for detailed instructions on AMT Depreciation too large.

[tredigga65]

Hi and thank you for the info. I used this car to Uber and lost it, it was sold and I didn’t receive any funds. I put zero in both boxes and I still get this error

[MarilynG1]

Try leaving both boxes blank. 

[tredigga65]

Thanks that worked perfect...

[pat33]

I need to amend tuition amount and it won't let me amend a previous entered amount.

[DawnC]

Go through these steps carefully and you will be able to update your tuition amounts on your 1098-T.   You can edit your tuition amounts only from the Education Summary Page by editing the school information.

When you are signed in to your tax return, you can type 1098-t into the search bar at the top of the screen, hit enter, then click on the Jump to 1098-t link to get back to the education section in TurboTax.   

You will be taken to the education section but the exact screen you will land on depends on where you left off.  Click through the screens until you get to the Expenses Summary, which will list all students on your return.  From here you can add another student.

In order to change the tuition amounts, you will need to click on Edit, next to the name of the student on the screen titled Your Education Expenses Summary.  

That will take you to a screen titled Here's Your Education Summary. 

From this screen, you can edit the tuition amounts by clicking on Edit next to the name of the school or clicking on Add New School if your school is not listed yet.  

Please note that the Education Summary and Education Expenses Summary are 2 different pages.   @pat33

[GlenAnderson34]

how do I remove an amount from the Disposition of Vehicle Sheet, mainly line 51 and 52?

[HopeS]

Please clarify your question. Was the vehicle sold or converted to personal use only?

When you use auto for business, any amounts you depreciated are subtracted from the basis of the property to determine gain or loss. You will have to see how much depreciation or depreciation equivalent was deducted in prior years,

For passenger automobiles, you allocate the property's use on the basis of mileage. The percentage of qualified business use is by dividing the number of miles you drove the vehicle for business purposes during the year by the total number of miles you drove the vehicle for all purposes (including business miles) during the year. You stop depreciating property when you have fully recovered your cost or other basis.

If you used the standard mileage rate for the business use of your car, depreciation was included in that rate. The rate of depreciation that was allowed in the standard mileage rate is shown in the Rate of Depreciation Allowed in Standard Mileage Rate table. You must reduce your basis in your car (but not below zero) by the amount of this depreciation.

@GlenAnderson34 

[chr1s1000]

Thank you this worked for me!