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bryanandjessica0
Returning Member

Why is Turbo Tax selecting AMT Deprecation and how do I correct it?

Turbo Tax is automatically selecting AMT deprecation for my assets. However, my prior tax accountants were using the 200 DB HY method. How do I correct Turbo Tax to show the same deprecation method I have been using the past 4 years?
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1 Reply
MarilynG1
Expert Alumni

Why is Turbo Tax selecting AMT Deprecation and how do I correct it?

AMT depreciation rates may apply if both of these are true:

 

  • You separately depreciate items you used in a residential real estate activity, like:
    • Appliances
    • Carpet
    • Furniture
  • You use the 200% declining balance method.

Most likely the Regular and AMT depreciation amounts are the same.  

 

Here's more info on AMT Depreciation. 

 

@bryanandjessica0 

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