TaxGuyBill
Level 15
09-11-2024
05:50 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@TaxGuyBill wrote:
"Don’t refigure depreciation for the AMT for the following ... Qualified property that is or was eligible for a special depreciation allowance if the depreciable basis of the property is the same for the AMT and the regular tax."
Okay, looking at the Instructions again, it says to not re-figure for AMT if it is "eligible" for the SDA.
For the most part, AMT depreciation no longer exists for most personal property.
