joanmcq Posted February 8, 2013 Report 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
jainen Posted February 9, 2013 Report 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
joanmcq Posted February 9, 2013 Author Report 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
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