Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
T
traci-jean-athome
February 24, 2025
Question

On the schedule E, asset entry worksheet for appliances, where does the "AMT Special Depr Allow" come from?

  • February 24, 2025
  • 1 reply
  • 0 views
Is it normal for it to be blank? Where can I find more reference for this field?

    1 reply

    PatriciaV
    PatriciaV
    Employee
    February 24, 2025

    It depends. TurboTax will normally calculate AMT depreciation if it is different from regular depreciation.

     

    For MACRS property that qualifies for the Special Depreciation Allowance, the program computes AMT depreciation using the same method and recovery period as the regular tax computation. In other words, the two amounts should be the same.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification