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Misc Itemized deductions getting an error on smart check for Computer peripheral

Forum|Forum|4 years ago
February 22, 2022
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I had a computer monitor put in service for 50% business use in 2020. During smart check TT is asking me to enter a value on Rows 9K Special Depreciation allowance deduction and 9L AMT Special Depreciation allowance deduction.

Prior Depreciation was 0. And this issue did not happen last year. What am I supposed to fill here.

Furthermore, if I try to go to Step by Step to see if there is something in the interview that I could answer TT doesn't take me to the relevant section. What can I do?

Best answer by PatriciaV

If you had zero depreciation in 2020, you would enter zero for both the Special Depreciation allowance and AMT Special Depreciation. But before you make those entries, look through your copy of last year's return to see if you have a Depreciation and Amortization Report and an Alternative Minimum Tax Depreciation Report. There is a column for Special Depreciation Allowance on both these reports, which will confirm the number you need to enter for SmartCheck.

This information is typically imported from last year when you start your current year return. But sometimes the system doesn't handle this properly. Unfortunately, the asset interview doesn't always ask for prior Special Depreciation, so you should enter these numbers from the SmartCheck screen. This process is meant to catch missing info so your return e-files correctly.

PatriciaVAnswer

If you had zero depreciation in 2020, you would enter zero for both the Special Depreciation allowance and AMT Special Depreciation. But before you make those entries, look through your copy of last year's return to see if you have a Depreciation and Amortization Report and an Alternative Minimum Tax Depreciation Report. There is a column for Special Depreciation Allowance on both these reports, which will confirm the number you need to enter for SmartCheck.

This information is typically imported from last year when you start your current year return. But sometimes the system doesn't handle this properly. Unfortunately, the asset interview doesn't always ask for prior Special Depreciation, so you should enter these numbers from the SmartCheck screen. This process is meant to catch missing info so your return e-files correctly.

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