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posted Jun 6, 2019 9:19:27 AM

I'm getting "amt dep allowed/allowable-1 is too large" on my schedule C for uber. It's only $71 and I bought my care in 2015. But the program doesn't know that

When I search this error it says that the Car cost is less than what I am claiming on depreciation. However, I didn't enter what I bought my car for or how much long I've had it anywhere so I don't know why it thinks the car is worth nothing. What's the easy way to do this? I made only $200 on uber and this is too much work

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1 Best answer
Level 3
Jun 6, 2019 9:19:27 AM

If you didn't enter a value for your car and skipped those screens, then this error could occur. I suggest going back through the vehicle topic itself (rather than answering in the federal review stage) and enter the cost of your car. Or to completely avoid taking depreciation you could use the simple standard mileage method which is your business miles multiplied by 53.5 cents per mile. 

1 Replies
Level 3
Jun 6, 2019 9:19:27 AM

If you didn't enter a value for your car and skipped those screens, then this error could occur. I suggest going back through the vehicle topic itself (rather than answering in the federal review stage) and enter the cost of your car. Or to completely avoid taking depreciation you could use the simple standard mileage method which is your business miles multiplied by 53.5 cents per mile.