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AMT dep allowed/allowable ?

Form 2106 (Lyft Driver) -- Vehicle Expenses Wks (Ford Edge): AMT dep allowed/allowable is too large. For disposition calculations, depreciation cannot exceed business basis. Please see Tax Help for this field.
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1 Reply
JamesG1
Expert Alumni

AMT dep allowed/allowable ?

Are you seeing this message under Federal Review?

 

Has the vehicle been reported as sold or disposed of?

 

Were entries overridden at the screen How much depreciation have you already taken on this SUV?

 

You are allowed to view both prior depreciation and prior AMT depreciation at this screen.

 

Please clarify.

 

 

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