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April 12, 2020
Question

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?

  • April 12, 2020
  • 2 replies
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2 replies

April 13, 2020

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

June 23, 2020

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...

March 28, 2021

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

April 1, 2021

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.
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