Question

AMT Prior Dedreciation

Forum|Forum|3 years ago
March 16, 2023
1 reply
0 views

Under Check This Entry, TT is asking me to fillin the AMT Prior depreciation. So where/how do I calculate this requirement?

Thanks,

Ken

AmyC

Employee

If you have never been subject to AMT, the amount will be the same as regular depreciation. If you have been subject to AMT, you can look back at your AMT on Form 6251, line 2L. Dependent upon what you are depreciating, you may not be subject to AMT. Please see which items require adjustment versus those not required here.

Reference: Topic No. 556 Alternative Minimum Tax - IRS

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