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Special Depreciation Allowance - Forced Answer

I'm trying to close this all up, but every single asset I am depreciating from a previous year- requires me to identify two deductions (below). I have no frame of reference for answering this for 2021...do I just use the same answers as 2020?

K  Special Depreciation Allowance Deduction...

I  AMT Special Depreciation Allowance Deduction...

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1 Reply
PatriciaV
Employee Tax Expert

Special Depreciation Allowance - Forced Answer

Yes, in most cases, the answers to these questions would come from your prior year return. If you used TurboTax, look for the Asset Entry Worksheet lines K and L. If those boxes are blank, you can enter zero to resolve the Smart Check message.

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