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New Member
posted Mar 12, 2025 1:04:23 PM

I am getting an error on Schedule C - Car & Truck Expenses Worksheet AMT dep allowed/allowable too large error...I cant fix it...help!

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5 Replies
Expert Alumni
Mar 12, 2025 3:34:34 PM

To clarify, are you reporting a sale of a business vehicle?

If yes, was it also used for personal use and did the percentage of personal/business use fluctuate over the years?

New Member
Mar 13, 2025 6:09:05 PM

Yes we sold a car last year, but the percentage of use did not fluctuate.  It was used 50% for business and 50% personal.  I'm just now sure how to adjust to fix the error.  Right now my depreciation is $2240

Expert Alumni
Mar 13, 2025 6:16:31 PM

Have you ever had to deal with Alternative Minimum Tax (AMT)? 

If you did, you would know it. 

Most people are not subject to AMT, so please enter the same amount of depreciation for regular tax and AMT. 

New Member
Mar 13, 2025 6:20:06 PM

Thanks Kris!  When I put the $2240 in the AMT line, the error now doubles to $4480.  

Expert Alumni
Mar 14, 2025 1:48:23 PM

The system thinks you are entitled to zero depreciation.  You need to review all your entries for the mileage that you entered for the year to be sure that it equals 50% of the total usage.  

 

@elifuchs1