joanmcq Posted February 8, 2013 Report Share Posted February 8, 2013 I'm entering new assets for a client, and AMT depreciation for general equipment defaulted to 200DB. Is this a software glitch or did AMT depreciation change with the new bill? Quote Link to comment Share on other sites More sharing options...
jainen Posted February 9, 2013 Report Share Posted February 9, 2013 >>AMT depreciation for general equipment defaulted to 200DB<< Presumably general equipment would be subject to bonus depreciation. According to the Instructions for Form 6251,"The special allowance is deductible for the AMT, and there also is no adjustment required for any depreciation figured on the remaining basis of the qualified property." Quote Link to comment Share on other sites More sharing options...
joanmcq Posted February 9, 2013 Author Report Share Posted February 9, 2013 Thank you! I was using sec 179. Just checking. I haven't added assets in this new program besides this first return. Shows how far behind I am on my own return, lol. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.