turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Schedule C. Lines 51 and 52 are incorrect. Dep and AMT depreciation allowed is too large. can I go to this form online and adjust amount?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
MaryK4
Expert Alumni

Schedule C. Lines 51 and 52 are incorrect. Dep and AMT depreciation allowed is too large. can I go to this form online and adjust amount?

Yes, you can go back to the Business Auto expenses and adjust the depreciation.

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

Schedule C. Lines 51 and 52 are incorrect. Dep and AMT depreciation allowed is too large. can I go to this form online and adjust amount?

How can you adjust the depreciation? I've walked through all the steps in this section multiple times and don't see how I can adjust it - it is "auto-calcualted" for me...

mnsastry
New Member

Schedule C. Lines 51 and 52 are incorrect. Dep and AMT depreciation allowed is too large. can I go to this form online and adjust amount?

I'm unable to proceed with depreciation allowed - please help.

JamesG1
Expert Alumni

Schedule C. Lines 51 and 52 are incorrect. Dep and AMT depreciation allowed is too large. can I go to this form online and adjust amount?

At the screen How do you want to deduct this item? you are given several depreciation options.

 

Select an option and click Continue.  At the screen Asset Summary, click Show details to see how the item is depreciated.

 

You may change the options and review how the depreciation changes.

 

To reach this screen,

  • Edit your self-employment activity. 
  • Scroll down to Assets and Edit.
  • At the screen Do you want to go directly to your asset summary?, click Yes.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies