Depreciation AMT Form 6251

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  • EAP
    Daycare.com Member
    • Aug 2012
    • 223

    Depreciation AMT Form 6251

    Some of my entries in Taxact form 4562 had the AMT area completed - I am guessing it was my error in not checking the box that says AMT doesn't apply but since I only understand AMT a very little bit I wanted to make sure this wasn't an automatic calculation that is needed. I discovered the issue when I went through review and alerts for completing my taxes so I am guessing it was an error on my end but any info would be great! Thanks!!
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Amt

    Originally posted by EAP
    Some of my entries in Taxact form 4562 had the AMT area completed - I am guessing it was my error in not checking the box that says AMT doesn't apply but since I only understand AMT a very little bit I wanted to make sure this wasn't an automatic calculation that is needed. I discovered the issue when I went through review and alerts for completing my taxes so I am guessing it was an error on my end but any info would be great! Thanks!!
    AMT (Alternative Minimum Tax) affects high income taxpayers. I shouldn't affect you. Taxact should be computing whether it will affect you, and if it does it will tell you.
    http://www.tomcopelandblog.com

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