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tcator
New Member

What is required? schedule c - car and truck expenses: AMT dep allowed/allowable - 1 must be entered what is this asking for as I have tried several things to no avail?

 
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Accepted Solutions
MarilynG
Expert Alumni

What is required? schedule c - car and truck expenses: AMT dep allowed/allowable - 1 must be entered what is this asking for as I have tried several things to no avail?

The AMT depreciation amount is usually the same amount as regular depreciation amount TurboTax calculated.

Try entering that amount or entering $0.

If you are trying to enter a new business vehicle and indicate you stopped using an older business vehicle, this can be reported as a 'like kind exchange'.

Here's more info:

https://ttlc.intuit.com/replies/3301982


Edited 3/5/2018 12:58 pm

**Say "Thanks" by clicking the thumb icon in a post
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1 Reply
MarilynG
Expert Alumni

What is required? schedule c - car and truck expenses: AMT dep allowed/allowable - 1 must be entered what is this asking for as I have tried several things to no avail?

The AMT depreciation amount is usually the same amount as regular depreciation amount TurboTax calculated.

Try entering that amount or entering $0.

If you are trying to enter a new business vehicle and indicate you stopped using an older business vehicle, this can be reported as a 'like kind exchange'.

Here's more info:

https://ttlc.intuit.com/replies/3301982


Edited 3/5/2018 12:58 pm

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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